Aussies ready to pile into $US1b data centres play

The flyer said Tract’s been in the works since the start of last year, with ColCap and the management team talking to data centre owners and users and working on the thesis.

While it’s an American manager and PE sponsor, there’s an Australian connection, hence the pitching for Australian investors.

Aussie twist

Jonathan van Rooyen.  

The thesis is being led by the van Rooyen Family Office, which established Cologix Data Centres and sold to Stonepeak for $US1.3 billion in 2016 for a 6.2-times return. Tract is run by Grant van Rooyen, Cologix’s former CEO and president.

Van Rooyen’s Australian side is headed-up by local infrastructure veteran Jonathan van Rooyen, a former Hastings Funds Management executive who now also runs an unlisted infrastructure platform for wholesale investors.

The van Rooyen’s are investing $US50 million to get Tract going, the documents in front of potential investors said, in a bid to increase their alignment their PE backer and other investors. Van Rooyen’s office did not return Street Talk’s calls on Thursday.

Interestingly, Steve Byrom’s Potentum Partners is involved in drumming up interest from Australian investors. Potentum told clients it had access to the deal via its long relationship with ColCap; its principals have invested in ColCap’s funds and made co-investments in its deals including in spectrum assets.

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