KKR and Oak Hill Capital committed nearly $2 billion of new equity to Global Technical Realty (GTR), deepening backing for one of Europe’s fastest-growing built-to-suit data center developers. KKR plans to invest an additional $1.5 billion, while Oak Hill will join as a new investor with a commitment of about $400 million.
Founded in 2020 by data center entrepreneur Franek Sodzawiczny and KKR, GTR has expanded across primary and emerging European markets with facilities designed for hyperscale, cloud, and AI-driven workloads. The platform focuses on power-dense, mission-critical designs aimed at supporting next-generation compute requirements.
The new capital will fund GTR’s development pipeline, including greenfield capacity and market expansion across Europe. With multiple projects already underway and an expanded operating team, the company plans to scale delivery of AI-ready data center infrastructure as demand for high-performance compute and cloud capacity accelerates.
- Total new equity commitments: ~$1.9 billion
- KKR commitment: $1.5 billion (via Global Infrastructure Strategy)
- Oak Hill Capital commitment: ~$400 million
- Focus: European built-to-suit, AI-ready and hyperscale data centers
- Use of funds: Greenfield developments, new market entry, team expansion
“As rapid cloud growth continues and scaled AI demand begins to materialize, the need for high-quality, power-efficient, and scalable data center infrastructure in Europe has never been greater,” said Andrew Peisch, Partner at KKR.
🌐 Analysis
The investment highlights sustained capital inflows into European data center platforms as hyperscalers and AI developers seek regional capacity closer to users and energy sources. It also reinforces a broader trend of infrastructure-focused private equity firms scaling specialized platforms rather than pursuing single-asset acquisitions, a strategy seen across competing European data center developers backed by global funds.
