Morgan Stanley Alternative Investment Partners also took part in the round, which Involta said would be used to provide some shareholder liquidity and for growth and acquisitions.
M/C managing partner Gillis Cashman said, “We envision Involta playing a leading role in the data center space in the coming years, particularly in tier II and tier III markets that are still very underdeveloped in terms of infrastructure.
“There is a tremendous need for infrastructure in those areas, and Involta is very well-positioned to address those needs with its superior platform and services.”
M/C said it has a number of successful investments in the data center space led by past portfolio companies Fusepoint and Attenda.
Fusepoint was sold to Savvis in 2010 and Attenda to Darwin Private Equity, a London-based mid-market private equity firm, in 2011.
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