Good morning. Welcome to Data Center View! In each issue, we cover the top stories, trends, and listings in the data center sector.

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NEWS ROUNDUP

FUNDRAISING: Affinius Capital raises $905 million for data center fund. Affinius Capital has raised $905.5 million toward the $1 billion target for its Digital Economy Real Estate Partners Data Center Fund. The fund, which has already begun deploying capital, is focused on developing hyperscale data centers across major U.S. markets. Launched in late 2025, the fund held its first close in January 2026 and is targeting a final close by mid-2026. Among its investors is La Caisse, the Montreal-based pension and insurance fund manager, which disclosed its investment in Affinius Capital’s Data Center Fund in its 2025 annual report.

DEVELOPMENT: PointOne plans $900 million, 90MW campus. PointOne Data Centers has proposed a $900 million, 90MW data center campus on a 400-acre site in Lee County, North Carolina. The Virginia-based developer has submitted plans for a 300,000-square-foot first phase at 4079 Lower Moncure Road, with construction targeted to begin this fall and completion expected in 2028. CyrusOne is slated to own and operate the facility.

MARKET: Csquare targets up to $1.35 billion IPO. Csquare has filed for an IPO that could raise up to $1.35 billion, offering 50 million shares priced between $23 and $27 each. At the top of the pricing range, the company would be valued at approximately $4.18 billion.

INFRASTRUCTURE: KKR launches digital infrastructure. KKR has partnered with Nvidia and the Kuwait Investment Authority to launch Helix Digital Infrastructure, a new data center developer and operator backed by more than $10 billion in capital commitments. The platform will be led by Adam Selipsky, former CEO of Amazon Web Services, while Waldemar Szlezak, KKR’s Global Head of Digital Infrastructure, will serve as Chief Investment Officer. Nvidia will act as a strategic technology partner, deploying its DSX architecture to optimize AI infrastructure performance and energy efficiency, while Vistra has been selected as Helix’s preferred power provider to support hyperscale customers with power and grid infrastructure.

READ: Seattle moves to ban new data center construction citywide.

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