Quebec’s public pension manager is providing about $444 million in financing to Colorado-based Vantage Data Centers. Ares Management Corporation and Schroders Capital also participated in the deal. (The Logic)

Talking point: Vantage plans to use the money to expand its business in ​​Europe, the Middle East and Africa. There’s immense need for data centres to process the data used to service rapidly growing AI adaption. Vantage—which has 14 locations around the world—can help meet the demand, said Marc Cormier, an executive vice-president at Caisse de dépôt et placement du Québec, in a press release. Cormier said the investment fits with Caisse’s commitment to invest in critical digital infrastructure, “which forms the backbone of interconnected economies while generating long-term value.”