Ropes & Gray Advised GI Partners on Flexential Continuation Vehicle and Strategic Investment

Ropes & Gray advised GI Partners, a leading private investment firm, on the simultaneous closing of a single-asset continuation vehicle and a strategic investment by GI Data Infrastructure in Flexential, a leading provider of secure and flexible data center solutions. The transaction was announced in a press release on August 20.

Both the continuation vehicle, anchored by funds managed by Hamilton Lane, and the GI Data Infrastructure investment offered existing GI Partners limited partners the option to receive liquidity and provide Flexential with additional equity capital to meet rising demand from enterprise and AI customers. Together with the investment from funds managed by Morgan Stanley Infrastructure Partners (MSIP), which closed in November 2024, Flexential has now raised approximately $1 billion of primary equity to fund the development of its data center pipeline.

The Ropes & Gray team includes private equity partners Brandon Howald and Howard Glazer, asset management partners Warren Goodworth and Peter Laybourn and counsel Kevin White, employment, executive compensation and employee benefits partner Kyle Higley, and tax partner Dan Zuckerman.