CPP Investments to provide $225 million in funding for Ontario data center
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TORONTO – CPP Investments says it will help fund an expansion to a data center project in Cambridge, Ont.
The pension fund says it will invest $225 million in the project through a 50 per cent interest in a construction loan.
Deutsche Bank Private Credit and Infrastructure will provide funding for the other half of the loan and will serve as the lead lender on the transaction.
A press release from CPP Investments says there is strong demand for hyperscale data centers in Toronto and the surrounding areas.
It says the project has been pre-leased on a long-term basis by an AI cloud computing provider.
Geoffrey Souter, head of real assets credit, says the pension fund has deep expertise in the sector and the project will advance its global data center strategy.
This report by The Canadian Press was first published July 31, 2025.