CONS
INVESTMENT · INFRASTRUCTURE · PRIVATE

5C

Purpose-built AI infrastructure and data centers — the physical substrate of the next decade of computing.

DATA CENTERS · NORTH AMERICA / EU / ASIA · MINORITY · SINCE 2022
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5C is an AI-infrastructure operator formed through the combination of 5C Data Centers and Hypertec Cloud. The platform designs, builds and operates state-of-the-art data centers for hyperscalers and high-performance computing customers, with more than 800 MW of secured, ready-to-deploy capacity across North America, Europe and Asia for 2025–2026.[1][2]

We hold a minority position taken in 2022. It is a long-dated bet on the physical substrate of computing — owned alongside operators who build what they run.

Why we own it.

The compute build-out is a real-asset story underneath a software headline. 5C is led by operators who treat each campus as a long-dated industrial asset — power, cooling, fiber, and a customer relationship that compounds. That is the kind of position we are comfortable holding through a cycle.

What it does.

5C designs, constructs and operates purpose-built AI data centers — including campuses in Columbus (CMH01) and Memphis (MEM01), with multi-hundred-MW expansion phases scheduled into 2027.[2]

Latest funding.

In July 2025, 5C secured $835 million in capital — equity led by Brookfield Asset Management and debt led by Deutsche Bank — to accelerate development of its data center campuses and AI infrastructure across North America, Europe and Asia.[3]

SOURCES & PUBLIC RECORD

Selected public sources cited in this page. Internal operating figures are not linked.

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