Singapore’s GIC-led group targets data centre investments in North America
Singaporean dollar bank notes are arranged for a photograph in Singapore, on Tuesday, Aug. 9, 2011. Singapore reduced the top end of its growth forecast for 2011 as a faltering U.S. economy and the European debt crisis heightened the risks to global expansion. Photographer: Munshi Ahmed/Bloomberg
Singapore’s sovereign wealth fund GIC is leading a group of investors including Denver-based private investment company Mount Elbert Capital Partners and Canada’s pension fund OPTrust to form an investment vehicle to develop, acquire, and operate data centers across North America.