By Karen Roman
Argo Infrastructure Partners, LP said it now has a majority interest in data-center operator TierPoint, bringing its cumulative investment to $2.3 billion in the platform since 2020.
“We are pleased to expand our investment in TierPoint, reaffirming our commitment as a dedicated, long-term investor in the exceptional platform. TierPoint’s robust contractual revenue profile, coupled with the achievement of an investment-grade profile on the ABS and its environmental stewardship, fully aligns with Argo’s long-term sustainable infrastructure thesis. We look forward to continuing to support the long-term growth of our collective platform in partnership with our securitization investor partners,” said Jason Zibarras, Founding Partner of Argo.
TierPoint has one of the largest and most geographically diversified U.S. enterprise-class data center footprints with 40 data centers in 20 markets, Argo said in a statement.
TierPoint is also one of the largest assets of Argo’s 18 portfolio companies and is among its key investment strategies in digital infrastructure, it said.
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