Investment & Fund Management

The European Investment Fund (EIF) and CDP Equity have made a significant investment of €200 million in the PIMCO European Data Centre Opportunity Fund, aimed at expanding digital infrastructure across Europe. This initiative addresses the growing demand for data centres, driven by increased digitalization, regulatory requirements, and advancements in artificial intelligence. The EIF contributed €150 million, while CDP Equity added €50 million, with the investment supported by the InvestEU Programme, which guarantees a total of €86 million of their joint investment.

The PIMCO European Data Centre Opportunity Fund focuses on developing new data centres in high-growth European markets, including cities like Madrid, Milan, Berlin, Zurich, Warsaw, Marseille, and Athens. This investment is crucial for enhancing Europe’s digitalisation and data sovereignty efforts, as it aims to expand the capacity for low-latency data delivery, providing essential infrastructure for governments, businesses, and citizens.

The Fund has already made its first three investments in data centres located in Madrid, Athens, and Milan, addressing the supply-demand imbalance in the European data centre market. PIMCO’s dedicated team, consisting of senior investment professionals and data centre executives, is tasked with managing these investments effectively while promoting leading energy efficiency practices and sustainability across the portfolio. This strategic investment not only meets immediate infrastructure demands but also lays the groundwork for sustainable growth and innovation in the digital economy across Europe.