Data Center Provider Cologix Said to Seek $500 Million Investor

Cologix Inc., the data center provider backed by Stonepeak Infrastructure Partners, is seeking a $500 million equity injection from a new institutional investor, according to people familiar with the matter. Cologix is working with an adviser to canvas investor interest, the people said, asking not to be identified because the matter isn’t public. The company focuses on so-called hyperscale data centers -- large properties that consume massive amounts of power by connecting users to cloud platforms. One of its products links users to providers such as Amazon Web Services, Microsoft Corp., Alphabet Inc.’s Google, IBM and Oracle Corp., according to its website.