GI Partners has completed a dual-structured transaction comprising the close of an oversubscribed single-asset continuation vehicle and a strategic equity investment from its GI Data Infrastructure fund into Flexential, a US-based provider of data centre and hybrid IT solutions.
The continuation vehicle, anchored by funds managed by Hamilton Lane, was structured to offer existing GI Partners limited partners the option to realise liquidity or reinvest alongside new capital. In parallel, GI Data Infrastructure contributed incremental equity to support Flexential’s growth strategy amid surging demand from enterprise and AI-focused customers.
The transaction marks a significant milestone in Flexential’s capitalisation, following the November 2024 equity investment by Morgan Stanley Infrastructure Partners (MSIP). Combined, these investments bring total new equity raised by Flexential to approximately $1bn, aimed at accelerating the development of next-generation, high-density data centres across key US markets.
The capital injection comes at a time of tightening market dynamics, with record-low vacancy rates and rising data centre pricing, exacerbated by power constraints that are delaying new deployments.
According to Flexential’s 2025 State of AI Infrastructure Report, 44% of surveyed organisations identified infrastructure limitations as the primary barrier to AI adoption.
Flexential continues to address these challenges through targeted expansion and ongoing investment in its FlexAnywhere® platform, which spans over 40 data centres in 18 markets. The platform integrates colocation, cloud, connectivity, and data protection services, enabling scalable, low-latency solutions for AI workloads and multi-cloud environments.
Baird and Goldman Sachs acted as financial advisers to GI Partners. Legal counsel was provided by Ropes & Gray and Simpson Thacher & Bartlett. Hamilton Lane was advised by Debevoise & Plimpton.
