On May 4, 2026, GI Partners closed an oversubscribed single-asset continuation vehicle and an investment from its GI Data Infrastructure fund in Flexential, a provider of data center solutions.

The recapitalization injects new equity into the company and, combined with a November 2024 commitment from Morgan Stanley Infrastructure Partners, brings total primary equity raised to approximately $1 billion.

Flexential operates more than 40 data centers across 18 U.S.

markets through its FlexAnywhere platform, offering colocation, cloud, connectivity, and data protection services to enterprise and AI customers with latency-sensitive workloads.

The new capital will fund the development of Flexential's data center pipeline as demand for high-density colocation grows.

The release notes that vacancy rates in primary markets have fallen to record lows, data center pricing is near historic highs, and power constraints are increasing deployment lead times.

Hamilton Lane anchored the continuation vehicle, which gave existing GI Partners limited partners an option to receive liquidity.

Mark Prybutok, Head of GI Data Infrastructure, was appointed to Flexential's board.

Baird and Goldman Sachs served as financial advisors to GI Partners, while Ropes & Gray and Simpson Thacher acted as legal advisors.

Debevoise & Plimpton advised Hamilton Lane.