Arcapita and Cloud Capital have formed a joint venture to acquire and expand a data center in Minneapolis, signifying a strategic investment in the growing digital infrastructure market driven by artificial intelligence and cloud computing.

Target Information

On January 14, 2026, Arcapita Group Holdings Limited ("Arcapita"), a prominent global alternative investment firm, announced a joint venture with Cloud Capital to acquire a 21-megawatt (MW) data center in Minneapolis, Minnesota, with future expansion plans to increase capacity to 31 MW. Cloud Capital, known for its expertise in data center investments, manages a diversified portfolio consisting of 26 high-quality data center assets worth over USD 5.5 billion. The firm maintains strong partnerships with top-tier tenants in the sector, underscoring its capacity to identify and manage valuable investment opportunities.

The Minneapolis data center is primarily leased to a notable provider of sovereign AI and cloud inferencing solutions. This strategic location is expected to capitalize on the growing demand for high-density digital infrastructure driven by the advancements in artificial intelligence and cloud computing, as well as the ongoing digital transformation within enterprises. The planned augmentation of 10 MW is anticipated to enhance operating income significantly and improve the overall investment value.

Industry Overview

Minneapolis is emerging as a vital data center hub, characterized by its robust power infrastructure, low risk of natural disasters, and a diverse economic landscape that includes Fortune 500 and 1000 companies,