Caisse de dépôt et placement du Québec (CDPQ) and Fengate Asset Management (Fengate) announced a new co-investment in eStruxture Data Centers, a Québec-based data center operator serving companies and cloud service providers. 

This new capital commitment is in place to support eStruxture’s growth strategy, which is focused on acquisitions, the expansion of existing data centers, and the construction of new data centers. 

eStruxture currently operates five data centers; three in Montréal and two in the Vancouver area. The new CDPQ and Fengate co-investment enabled the company to acquire a new data center from Shaw Communications in Calgary, significantly strengthening its presence in the leading technology hub of Western Canada.

CDPQ’s and Fengate’s latest joint capital commitment will also enable eStruxture to accelerate the expansion of its existing data centers, including the facility located in Montréal’s historic Gazette building. Once the planned expansion is complete at this Montréal location, the facility will feature more than 17,300 m² of space and 30 megawatts of capacity, making it one of the largest, most power-dense data centers in the Montréal area.

In June 2017, CDPQ subscribed to the share capital of eStruxture, a newly incorporated company whose goal was to become a dominant Canada-wide data center platform. Fengate joined as a co-lead investor in January 2018. Just two years later, eStruxture now serves more than 900 customers, including telecommunications companies, cloud service providers, media companies and content developers, financial services providers, etc.