(Bloomberg) — Mubadala Investment Co. is investing in London-based data center developer Yondr Group, marking the Abu Dhabi wealth fund’s latest foray into a sector that’s expected to benefit from booming demand for cloud services and artificial intelligence technology.
The $302 billion wealth fund said its investment will support growth at Yondr, which has contracted and reserved capacity of 878 megawatts. Mubadala didn’t disclose further terms of the transaction.
Data-center operators have drawn interest from infrastructure funds with large pools of capital. More than $20 billion…
