GIC, CPP Investments, and Equinix form joint venture to raise US$15b

GIC will hold a 37.5% equity stake in the JV.

Singapore's sovereign wealth fund, GIC, will form a joint venture (JV) with digital infrastructure company, Equinix and and the Canada Pension Plan Investment Board (CPP Investments) to raise over US$15b.

Under the terms of the agreement, GIC and CCP Ivnesmtens will both hold a 37.5% equity stake in the JV, whilst Equinix will own 25%.

The joint venture will take on debt to raise US$15b capital.

The JV will speed up the growth of Equinix’s xScale data centre portfolio, enabling hyperscale companies to expand their deployments at IBX data centres.

The JV will also nearly triple the xScale program’s investment capital upon completion.

Follow the link for more news on

joint venture

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia