Infrastructure fund-backed data centre company Ada Infrastructure has launched a large debt raise to finance its flagship data centre campus in London, sources familiar said.

Ada Infrastructure, which was launched in 2023 by alternative investment firm GLP Capital Partners, has appointed investment bank Eastdil Secured as financial advisor on the circa GBP 1.5bn debt raise.

The sources added that Eastdil launched the transaction in recent weeks with lenders currently evaluating the deal before bringing it to their credit approval committees.

Los Angeles-headquartered Ares Management Corporation entered last month into a definitive agreement to acquire the international business of GLP, including its data centre platform, in a transaction valued at USD 3.7bn (EUR 3.5bn).

Ada’s London data centre campus, which is described by the company as the largest approved campus in the UK, is located in the Royal Docks, near London City Airport.

It will consist of three 70 MW data centres, bringing its total capacity to 210 MW, with construction of the first building underway and slated to be ready in 2027.

The data centres will have up to five floors each and will be supported by a generator plant on ground, according to the company’s website.

Ada registered during the summer a special purpose vehicle on the UK’s Companies House named Ada Infrastructure UK Operations Limited with Heidi Durrant and Michael Pang as its two directors.

Outside Europe, Ada has a presence in Asia and Latin America, with 850 MW of secured IT capacity and nearly 1.5 GW of total future capacity.

The company is building two data centres in Brazil’s Sao Paulo and Rio de Janeiro, while it also owns four assets in Tokyo and one in Osaka, Japan.

Eastdil declined to comment, while Ada did not respond to a request for comment.