DataBank, a prominent provider of edge colocation and managed services, has announced a $250 million equity investment from TJC LP, alongside a $600 million secondary share offering. This funding follows an oversubscribed $2 billion equity round revealed in October 2024, bringing the total capital raised by DataBank to nearly $5 billion over the past 18 months.

The secondary share offering allowed existing investors to sell their shares, highlighting the strong demand for investments in the data center sector, particularly driven by the rise of artificial intelligence. DataBank's CEO, Raul K. Martynek, expressed enthusiasm about TJC joining their investor group, emphasizing the confidence this investment reflects in DataBank's growth strategy and operational capabilities.

Eion Hu, a partner at TJC, echoed this sentiment, stating that data centers are essential for digital transformation and AI. He believes DataBank is well-positioned to meet the increasing demand for scalable and energy-efficient infrastructure in a data-centric world.

BofA Securities and Citizens Capital Markets Inc. served as financial advisors for DataBank, while Proskauer Rose LLP and Kirkland & Ellis LLP provided legal counsel for DataBank and TJC, respectively.

DataBank supports major enterprises and technology providers by ensuring their data and applications are secure, compliant, and scalable, particularly in the context of AI advancements. The company has been recognized as one of the fastest-growing private companies in the U.S. by Deloitte and Inc. 5000 in 2024. Its infrastructure includes over 65 data centers across more than 27 markets, along with 20 interconnection hubs and extensive cloud provider connections.

TJC LP, formerly The Jordan Company, has a 40-year history of collaborating with leaders across various industries, managing $32.1 billion in assets as of September 30, 2024. The firm has a seasoned leadership team with a long track record of successful investments.

For more information about DataBank and its offerings, interested parties can visit their website or follow them on social media platforms.