Briefing

Alphabet, Sidewalk Labs and Ontario Teachers’ Pension Plan launch infrastructure holding company

Sidewalk Infrastructure Partners (SIP) was spun out of the Alphabet subsidiary and will focus its investments on technology-enabled infrastructure projects throughout North America. It will be investing in projects that require more than US$100 million of equity, as reported by The Wall Street Journal. The spinout was first mentioned in Sidewalk Labs’ Master Innovation and Development Plan, released in late June, though it did not say who its funding partners would be at the time.(The Logic)

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