What Cloud Capital does

Cloud Capital is a privately held, specialized data center investment management firm founded in 2020 by Hossein Fateh, the former co-founder and CEO of DuPont Fabros Technology (sold to Digital Realty for $7.8 billion). The firm is headquartered in Washington, D.C., with offices in San Francisco (opened April 2025) and London, and operates as a limited liability company in the U.S. (Cloud Capital Advisors LLC, Delaware) and as a limited liability partnership in the UK (Cloud Capital LLP). As of Q4 2025, Cloud Capital manages a portfolio of 26 data center assets valued at over $6 billion across the U.S. (Minneapolis, Manassas, Ashburn, Elk River) and Europe (Frankfurt, Paris), with contracted IT load of 317+ MW expandable to 360+ MW across 4.2 million square feet.

The firm runs multiple closed-end investment vehicles: Cloud Capital Fund II, an opportunistic fund focused on hyperscale data center acquisitions (oversubscribed final close in September 2025); Cloud Capital Fund III, a value-add acquisition and development fund launched in January 2026; and co-investment vehicles. Revenue is generated through recurring asset management fees on AUM, performance/incentive fees on closed-end opportunistic funds, and transaction-related returns. Cloud Capital does not develop proprietary technology; instead, its core differentiator is a strategic collaboration with CloudHQ (a separate data center developer and operator with 260+ professionals) that grants the firm's flagship fund proprietary first-access to high-quality, off-market data center assets in tier-one markets. The firm complements its core fund products with a Green Finance Framework aligned to ICMA Green Bond Principles and a Responsible Investment Policy under the UN PRI.

Cloud Capital serves a global institutional investor base of U.S. public and corporate pension funds, asset management firms, family offices, and sovereign wealth investors across North America, Europe, the Middle East, and Asia-Pacific. On the asset side, it targets hyperscale tenants, sovereign AI and cloud inferencing providers, and other large technology firms requiring mission-critical capacity. Distribution is conducted directly via a dedicated capital formation and investor relations team (with regional heads in the Americas and EMEA), supplemented by capital markets activity including a $1.325 billion asset-backed securities issuance in December 2024—the highest-rated data center ABS under S&P Global Ratings' new methodology. Key institutional partners include CloudHQ (flagship sourcing affiliate), Arcapita (co-investment JV partner), Guggenheim Securities (structuring advisor), and Goldman Sachs (passive bookrunner).

Name

Cloud Capital

Legal name

Cloud Capital Advisors LLC

Website

https://cloudcapital.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Cloud Capital is a privately held, global specialized data center investment management firm founded in 2020 that acquires, manages, and operates a $6+ billion portfolio of 26 data center assets across the U.S. and Europe on behalf of institutional investors including pension funds, asset managers, and family offices.

Ownership category

akta.pro rank

Product category

Digital Infrastructure Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Investors, Nec (6799)

akta.pro primary industry

Digital Infrastructure Funds (Data Centers, Fiber, Towers) (FSANAEAM)

Keywords

• Data center investments
• Digital infrastructure funds
• Asset management services
• Institutional investment management
• Green finance securities

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Cloud Capital generates revenue through management fees charged on assets under management across its funds (Fund II, Fund III) and co-investment vehicles.
2. Performance/Incentive Fees: The firm earns performance-based fees from its closed-end opportunistic data center funds when investment returns exceed specified benchmarks.
3. Investment Returns: Returns from data center investments through Fund III strategy targeting value-add opportunities in digital infrastructure.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Cloud Capital is a global, specialized data center investment management firm that raises capital from institutional investors and deploys it into closed-end funds (Fund II opportunistic, Fund III value-add) to acquire, manage, and operate high-quality data center assets across the U.S. and Europe. The firm leverages its strategic affiliation with CloudHQ for proprietary deal sourcing and operational expertise, and offers complementary sustainable finance products (Green Finance Framework, Green ABS) backed by its data center portfolio.

Product overview

Cloud Capital is a global specialized data center investment management firm that operates a platform approach to acquiring, managing, and operating high-quality data centers. The company offers multiple investment fund products including Cloud Capital Fund II (opportunistic closed-end fund focused on U.S. hyperscale data centers) and Cloud Capital Fund III (value-add acquisition and development fund). Cloud Capital's investment management services include proprietary deal sourcing through its strategic collaboration with CloudHQ, hands-on asset management, and access to off-market transactions. The firm complements its core investment products with sustainable finance offerings including a Green Finance Framework aligned to ICMA principles, and maintains Responsible Investment and ESG policies. The company manages a diversified portfolio of 26 data center assets across the United States and Europe (including Minneapolis, Manassas, Ashburn, Elk River, Frankfurt, and Paris) with over 360+ MW of contract IT load.

Differentiator

Problem solved

Functional benefit

Products and services

• Cloud Capital Fund II An opportunistic closed-end investment vehicle focused on acquiring and developing high-quality data centers across the United States. Provides investors with access to de-risked tenant-led data center investments supporting hyperscale and AI-driven workloads.
• Cloud Capital Fund III A closed-end fund focused on value-add acquisition and development opportunities. Targets strategic assets with immediate income and significant upside through development, expansion, densification, and operational enhancements.
• Green Finance Framework A framework governing the issuance of green finance instruments including green bonds, green loans, green asset-backed securities (ABS), and green tranches of ABS. Aligned to the four core components of ICMA's Green Bond Principles and Green Loan Principles.
• $1.325 Billion Asset-Backed Securities (ABS) Issuance Asset-backed securities issuance backed by stabilized data center assets, structured with senior and subordinated tranches, providing institutional investors with securitized exposure to data center cash flows and a green-bond-eligible instrument.
• Strategic Hyperscale Network A network of strategically located data center assets across 20 awarded markets with 4 completed data centers, each providing 5-10MW per facility. Part of Cloud Capital's portfolio of hyperscale data center investments.

Quantifiable outcome

• De-risked, long-term leased assets with triple-net lease structures to investment grade tenants
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CloudHQflagshipStrategic or Co-development PartnerCloudHQ is a leading developer and operator of data centers globally with over 260 professionals. Cloud Capital benefits from strategic collaboration with CloudHQ providing access to in-house capabilities across development, engineering, technical, leasing, and operations. Cloud Capital's flagship fund has proprietary first access to acquire high-quality data center assets developed by CloudHQ.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DigitalBridge: DigitalBridge is a global digital infrastructure investment manager spanning data centers, towers, fiber, and edge — the closest direct peer to Cloud Capital in terms of fund structure, sector focus, and LP base, though it operates across a broader subsector mix.
• Stonepeak: Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets, with a meaningful data center and digital infrastructure vertical that competes directly with Cloud Capital for tier-one assets and institutional LP capital.
• I Squared Capital: I Squared Capital is a global infrastructure private equity manager with active digital infrastructure exposure, including data center investments, making it a comparable mid-to-large infrastructure PE peer.
• GI Partners: GI Partners is an alternative investment manager with a dedicated data center vertical that has historically been one of the most active data center-focused PE investors, closely comparable to Cloud Capital's specialist approach.

Broad incumbents

• Blackstone Infrastructure: Blackstone Infrastructure is among the largest pools of infrastructure capital globally with significant data center exposure via QTS and AirTrunk, competing for the same hyperscale tenants and tier-one assets Cloud Capital targets.
• Brookfield Infrastructure: Brookfield Infrastructure manages one of the world's largest infrastructure platforms with digital infrastructure (data centers, towers, fiber, semiconductor) exposure, providing a broad incumbent benchmark for Cloud Capital's specialist strategy.
• KKR Global Infrastructure: KKR's infrastructure platform invests across digital infrastructure including data centers, serving as a broad incumbent competitor with substantially larger AUM and global reach than Cloud Capital.
• Macquarie Asset Management: Macquarie Asset Management operates one of the largest infrastructure investment platforms globally with meaningful digital infrastructure exposure, comparable as a broad incumbent infrastructure capital competitor.
• CyrusOne: CyrusOne is a hyperscale data center owner/operator (now private under KKR/GIP) that competes both for hyperscale tenant relationships and as a buyer/seller in the asset market Cloud Capital operates in.

Regional players

• GDS Holdings: GDS Holdings is a leading carrier-neutral data center operator in China and Southeast Asia, comparable as a digital infrastructure capital and operating platform but with primary geographic focus outside Cloud Capital's US/Europe footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cldcap

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cloud Capital