EIF and CDP Equity Invest €200 Million to Develop Data Centres Across High-Growth European Markets

EIF and CDP Equity Invest €200 Million to Develop Data Centres Across High-Growth European Markets

(IN BRIEF) The European Investment Fund (EIF) has made a €150 million cornerstone investment in the PIMCO European Data Centre Opportunity Fund, with CDP Equity contributing €50 million. The fund focuses on developing data centres in high-growth European markets to address the increasing demand for digital infrastructure. Supported by the InvestEU Programme, the initiative aims to enhance Europe’s digitalisation, sovereignty, and sustainability while promoting energy efficiency practices in the data centre sector. The fund’s investments are already underway in Madrid, Athens, and Milan.

(PRESS RELEASE) LUXEMBOURG, 13-May-2025 — /EuropaWire/ — The European Investment Fund (EIF) announces a €150 million cornerstone investment in the PIMCO European Data Centre Opportunity Fund to support the development of data centres across high-growth European markets. This initiative is designed to address Europe’s increasing demand for low-latency, high-capacity data infrastructure, vital for strengthening the region’s digital sovereignty and accelerating digitalisation efforts.

In line with this, CDP Equity, part of the CDP Group, has committed €50 million to the Fund, bringing the total investment to €200 million. The investment will support the construction of new data centres in cities such as Madrid, Milan, Berlin, Zurich, Warsaw, Marseille, and Athens.

The Fund’s primary goal is to enhance digital infrastructure, expand local capacity, and foster the transition to a low-latency data ecosystem that can support governments, businesses, and citizens. EIF and CDP Equity’s investment is further supported by the InvestEU Programme, which guarantees €86 million of the total funding, promoting investments in strategic sectors across Europe.

“This investment highlights our commitment to building a robust digital ecosystem in Europe,” said Marjut Falkstedt, Chief Executive of the EIF. “Supporting the development of data centres not only meets immediate infrastructure needs but also lays the foundation for sustainable growth and innovation in Europe’s digital economy.”

Francesco Mele, CEO of CDP Equity, added, “Our partnership with EIF in the PIMCO European Data Centre Opportunity Fund underscores our dedication to accelerating digital transformation and reinforcing strategic infrastructure across Italy and Europe. By investing in data centres, we’re helping to build a competitive, innovative, and resilient digital economy, in line with CDP Group’s 2025–2027 Strategic Plan.”

The PIMCO European Data Centre Opportunity Fund, which has already made initial investments in data centres in Madrid, Athens, and Milan, aims to tackle the supply-demand imbalance in the European market. PIMCO’s dedicated team, composed of senior investment professionals and data centre executives, will manage the fund’s investments and focus on integrating leading energy efficiency practices. Sustainability and environmentally friendly practices will be at the core of the Fund’s approach across its portfolio.

About EIF

The European Investment Fund(EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of sustainability, innovation, research and development, entrepreneurship, growth and employment.

CDP Equity

CDP Equity is the equity investment company of Cassa Depositi e Prestiti, with the mission of pursuing the equity strategy of the Group both directly, through investments in Italian companies of national strategic interest capable of generating value in the long term, and indirectly, through asset managed by companies operating in various sectors of the Italian economy.

Press contacts

Serena Sertore | s.sertore@eib.org | tel.: +352 437 970 859

Website: www.eif.org/ | Press Office: +352 4379 21000 — press@eib.org

CDP Equity

Media Relations
T +39 06 4221 3990
ufficio.stampa@cdp.it
www.cdp.it

SOURCE: European Investment Fund