The data center industry continues to grow. Amazon, Google, Equinix, Digital Reality Trust, and numerous other providers can’t build their data centers fast enough, spurring investments in startups and a hefty amount of M&A activity. The sector was hot before the COVID-19 pandemic, and the crisis has only increased interest as companies accelerate their migrations to the cloud.

Goldman Sachs is the latest to make a big play in the data center market. The firm’s Merchant Banking Division is partnering with a management team led by Digital Reality co-founder and former chief investment officer Scott Peterson to form a new company, Global Compute Infrastructure LP.

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