The Canada Pension Plan Investment Board (CPP Investments) is investing $2.4 billion alongside Swedish private equity firm EQT and its EdgeConneX data-center platform to build AI infrastructure, The Canadian Press reported July 3, 2026. Max Biagosch, CPP's global head of real assets, said the deal increases the fund's exposure to a sector with durable long-term demand. The investment joins EQT's AI Infrastructure strategy, launched in April 2026 and seeded by EdgeConneX, whose operator says it has scaled capacity roughly 20x since EQT acquired it in 2020 and plans over 10 gigawatts of additional data centers. CPP also committed up to C$1 billion to a separate India data-center partnership with CtrlS Datacenters in June 2026, split between an 8.2% direct equity stake and a joint-venture development commitment.
Canadian pension giant joins race to fund India’s AI-fueled data center boom