Macquarie Asset Management Commits Up to $5B to Applied Digital's HPC Business

Macquarie Capital Invests in Prime Data Centers

June 24, 2021

Infrastructure

Macquarie Capital has formed a strategic partnership and made an equity investment in Prime Data Centers, a developer and operator of wholesale data centers, targeting capital investments in excess of $5 billion over the next 10 years and a project pipeline of roughly 400 MW. Macquarie will contribute its infrastructure investing, development capabilities and green energy platform to help accelerate Prime's development and expansion across the Americas and Europe.

Macquarie Asset Management to Acquire Remaining 50% Stake in TDC Group

May 9, 2025

Telecommunications

Macquarie Asset Management (MAM) has agreed to acquire an additional 50% stake in TDC Group from PFA, PKA and ATP, which will result in Macquarie managing 100% of the capital in TDC Group. The move secures full ownership to continue investments in Denmark’s digital infrastructure—completing fibre rollout, accelerating 5G coverage and furthering IT/cloud transformation and sustainability initiatives across TDC NET and Nuuday.

Prairie Capital VI Recapitalizes Applied Data Corporation (ADC)

September 3, 2021

Cloud & SaaS

Prairie Capital VI, LP partnered with CEO Shamus Hines and ADC management to complete a growth recapitalization of Applied Data Corporation (ADC). ADC, a Tampa-based provider of FreshIQ fresh item management SaaS deployed in over 20,000 locations across 120+ grocery and convenience chains, will use the investment to accelerate hiring, go-to-market, product development and pursue add-on acquisitions.

Aldine Capital and Lometa Invest in Applied Business Software

June 9, 2021

Cloud & SaaS

Aldine Capital Partners provided a subordinated note and equity investment in Applied Business Software alongside Lometa Capital Partners. The capital injection is a growth-capital/minority financing into Applied Business Software, a cloud-based lending platform serving private lenders, municipalities, fund administrators, non-profits and franchisors.

Macquarie Asset Management Acquires Majority Stake in DynaGrid Holdings

February 20, 2025

Engineering Services

Macquarie Asset Management has acquired a majority stake in DynaGrid Holdings, LLC, a Dallas‑headquartered provider of transmission and substation construction, maintenance and upgrade services for U.S. electric utilities. The deal is the first investment for Macquarie Asset Management's new buyout strategy focused on high-quality businesses serving infrastructure end markets and will be led by Andrew Olinick.

H.I.G. Infrastructure Acquires Controlling Interest in PolarDC Group

October 7, 2024

Infrastructure

An affiliate of H.I.G. Capital’s infrastructure strategy has acquired a controlling interest in PolarDC Group Limited, a European developer, owner and operator of high-performance computing (HPC) data center infrastructure. Polar’s first data center in Norway will offer up to 48MW of capacity, powered by 100% renewable hydroelectric power, and early investor LIAN Group will retain a minority stake as H.I.G. supports delivery of Polar’s near-term project pipeline to serve AI/HPC demand.