Novacap and H5 Data Centers to form a HyscaleIX JV.

Novacap, a private equity firm, and H5 Data Centers, one of the United States’ largest privately-owned data center operators, agreed to form a HyscaleIX JV. Financial terms were not disclosed. "The formation of HyscaleIX continues on our strategy of building a diversified portfolio of high-quality digital infrastructure assets. Carrier hotels are highly sought after data centers that perform a critical role in core network ecosystems. Partnering with H5 allows us to combine experienced institutional capital with proven operating expertise as we execute on the platform’s growth strategy," Ted Mocarski, Novacap Senior Partner and Head of Digital Infrastructure.