Angelo Gordon acquired a majority stake in the AMS3 Data Center in July 2021 via a joint venture with Amsterdam-based data center developer and operator Switch Datacenters. In addition to being attractively located, AMS3 benefits from Switch Datacenters’ revolutionary cooling concept, which has improved the data center’s energy efficiency.
“With their deep lending expertise and experience in the data center space, the Berenberg team was quickly able to develop a strong understanding of our business plan for this project, and we greatly enjoyed working with them,” said Jack Laarakkers, Associate, Europe Real Estate at Angelo Gordon. “Given the persistent growth in demand for data centers, we believe the opportunity set within this sector remains robust, and we look forward to continuing to work with our best-in-class operating partners to identify and invest in well-located properties in the Netherlands and across Europe more broadly.”
“We are pleased to provide this unitranche financing for AMS3,” said Torsten Heidemann, Head of Infrastructure & Energy at Berenberg. “Angelo Gordon is a highly experienced investor and, together with Switch Datacenters, has developed a very attractive asset. Along with London, Frankfurt, and Paris, Amsterdam is one of the most important European data center locations due to its access to international internet connection points like AMS-IX, and this financing aligns with our focus on resource efficient projects in prime locations with professional partners.”
Berenberg provides unitranche and mezzanine financing for data centers and glass fiber networks in northern and western Europe via Berenberg Digital Infrastructure Fund, which is still in its investment phase. This financing for the AMS3 Data Center matches the core business of the Fund and builds on Berenberg’s track record of providing data center financings in Europe.
Berenberg was founded in 1590 and is today one of Europe's leading private banks with its Wealth and Asset Management, Investment Bank and Corporate Banking divisions. The Hamburg-based bank is managed by general partners and has a strong presence in the financial centres of Frankfurt, London and New York. The Infrastructure & Energy business segment, which is part of Corporate Banking, advises clients and investors on all transaction, financing and project-related issues. Under the names Berenberg Green Energy Junior Debt Fund I, II and III as well as Berenberg Digital Infrastructure Debt Fund I, Germany's oldest private bank has already launched four junior debt funds for professional investors with a total volume of around EUR 700 million. The funds finance renewable energy investments in OECD countries and digital infrastructure projects in western and northern Europe.
About Angelo, Gordon & Co., L.P.
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988. The firm currently manages approximately $51 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 600 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.
About Switch Datacenters
With over a decade of experience designing, building, running, and operationalizing data centers in Amsterdam – one of the most competitive data center markets in the world – Switch Datacenters is equipped to provide the solutions professional data center users need. As a private company with a deeply experienced, innovative, and entrepreneurial team, Switch Datacenters designs, builds, and operates reliable, sustainable next-generation data centers in a smart way and in smart locations.
This information is a marketing communication. It is intended exclusively for clients in the »professional investors« or »semiprofessional investors« client category pursuant to section 1 (19) nos. 32 and 33 KAGB. This information and references to issuers, financial instruments or financial products do not constitute an investment strategy recommendation pursuant to Article 3 (1) No. 34 Regulation (EU) No 596/2014 on market abuse (market abuse regulation) nor an investment recommendations pursuant to Article 3 (1) No. 35 Regulation (EU) No 596/2014, both provisions in connection with section 85 (1) of the German Securities Trading Act (WpHG). As a marketing communication this document does not meet all legal requirements to warrant the objectivity of investment recommendations and investment strategy recommendations and is not subject to the ban on trading prior to the publication of investment recommendations and investment strategy recommendations. This document is intended to give you an opportunity to form your own view of an investment. However, it does not replace a legal, tax or individual financial advice. Your investment objectives and your personal and financial circumstances were not taken into account. We therefore expressly point out that this information does not constitute individual investment advice. Any products or securities described may not be available for purchase in all countries or only in certain investor categories. This information may only be distributed within the framework of applicable law and in particular not to citizens of the USA or persons resident in the USA. The statements made herein have not been audited by any external party, particularly not by an independent auditing firm. Any future returns on fund investments may be subject to taxation, which depends on the personal situation of the investor and may change in the future. Returns on investments in foreign currencies may increase or decrease due to currency fluctuations. Only the offering document (including the sub fund appendix if applicable), the Articles of Association of the Company and the subscription form (hereinafter referred to collectively as the »Sales Documents«) are authoritative for a decision on this investment. The Sales Documents are available free of charge in German from the Fund‘s Distributor. The business address of the Distributor is: Joh. Berenberg, Gossler & Co. KG (Berenberg), Neuer Jungfernstieg 20, 20354 Hamburg. A fund investment involves the purchase of shares in an investment fund, but not a specific underlying asset (e.g. shares in a company) held by that fund. The statements contained in this document are based either on own company sources or on publicly accessible third-party sources, and reflect the status of information as of the date of preparation of the presentation stated below. Subsequent changes cannot be taken into account in this document. The information given can become incorrect due to the passage of time and/or as a result of legal, political, economic or other changes. We do not assume responsibility to indicate such changes and/or to publish an updated document. Past performance, simulations and forecasts are not a reliable indicator of future performance and custody fees may occur which can reduce overall performance. Please refer to the online glossary at www.berenberg.de/glossar for definitions of the technical terms used in this document. Date 3 May 2022