Novacap's $1 Billion Digital Fund Boosts AI Infrastructure Investments
In a bold move to capitalize on the booming demand for digital infrastructure, Canadian private equity firm Novacap has successfully raised $1 billion, surpassing their initial $750 million target. The fund is set to strategically invest in around 10 regional companies, each potentially receiving up to $100 million, focusing on connectivity and data access services. With noteworthy investments already made in H5 Data Centers LLC and All West Communications Inc., Novacap aims to ride the AI-driven infrastructure wave.
Jan 22