Reported about 13 hours ago
Canadian private equity firm Novacap Investments Inc. has successfully closed a $1 billion fund aimed at investing in digital infrastructure assets, focusing on companies providing connectivity and data access services. This fund, which exceeded its initial target of $750 million after two years of fundraising, is set to invest about $100 million in approximately 10 regional firms. As artificial intelligence continues to drive demand for digital infrastructure, Novacap is deploying funds into several businesses, including H5 Data Centers and All West Communications.
Source: YAHOO