The partnership enables us to accelerate nationwide expansion, taking our flagship Colo+ product to more markets.
As you may know, TRG was founded in 2018 and is headquartered in Houston. In the past 5 years, we’ve seen substantial growth, with a lot of that fuelled by our fully managed colocation service, Colo+. In fact more than 95% of our cabinets in our newest data hall use Colo+ and we see this as a firm vote from the market about the need for such a service. Partnering with Antarctica allows us to take this vision to a national level, building a category-defining brand and platform.
The core features of Colo+ are designed to make colocation as seamless as possible; hassle-free migrations within 12 hours, streamlined rack management and exceptional data center service. This has attracted a diverse base of more than 100+ tenants ranging from Enterprise / Fortune 500 to cloud/infrastructure partners. The success of Colo+ has firmly established us in the Houston market and serves as a cornerstone in our expansion plan.
Chandra Patel, Managing Partner of Antarctica Capital, said, “We are excited to support TRG and our new partner and CEO Chris Hinkle in their next phase of growth. Our investment conviction is that strong operators are the key to unlocking value in the data center sector. TRG’s excellence in top-tier data center design and operations makes it a natural fit for Antarctica and will serve as a key platform for our investment strategy in the digital infrastructure space. We expect that our commitment to long-term investments and creative deal origination and execution will play pivotal roles in driving TRG’s success.”
Antarctica Capital will work closely with our existing team, led by our CEO Chris Hinkle, to launch a multisite nationwide strategy with unique capabilities to execute on both greenfield development opportunities and acquisitions to grow in Houston and other attractive markets across the US. We’re excited to share more news about future locations & expansions in the near future
About Antarctica Capital
Antarctica Capital is an alternative asset management firm headquartered in New York with assets under management of approximately $1.5 billion as of December 31, 2022. Antarctica Capital is a registered investment advisor and is dedicated to investments in private markets and real assets and the establishment of long-term capital vehicles to leverage this investment focus. Antarctica Capital’s investment approach is active ownership with an inherent focus on sustainability and providing more than capital to develop companies. The firm has an absolute return focus, which leads the firm to rigorously evaluate and build conviction around idiosyncratic investment opportunities and build value through the implementation of its investment strategies, such as SIGA®, SARO® and SEREY™.
For more information about Antarctica Capital, visit antarcticacapital.com
