Background
Cloud Capital, established in 2020, is a specialized global investment management firm dedicated to acquiring, managing, and operating high-quality data centers worldwide. As an affiliate of CloudHQ—a prominent data center development and operations platform—Cloud Capital leverages extensive industry expertise to build a robust portfolio of mission-critical assets. The firm's mission is to provide stable, long-term income streams and strategic growth opportunities for its investors by focusing on the rapidly evolving digital infrastructure sector.
Key Strategic Focus
Cloud Capital's strategic focus centers on identifying and capitalizing on acquisitions of high-quality data centers across the globe. The firm employs a tenant-centric approach, emphasizing strong relationships with key data center tenants to ensure long-term partnerships. By leveraging CloudHQ's vertically integrated platform, Cloud Capital offers comprehensive investment strategies, including the development and operation of data center assets. This approach positions the firm to meet the increasing demand for digital infrastructure driven by transformative technologies such as cloud computing and artificial intelligence.
Financials and Funding
As of early 2025, Cloud Capital manages approximately $4 billion in data center assets within its evergreen structure. In February 2025, the firm announced the first close of Cloud Capital Fund II, a closed-end opportunistic data center-focused investment vehicle, achieving approximately 50% of the fund's total target size. This milestone underscores strong investor confidence in Cloud Capital's expertise and track record. The capital raised is intended for acquiring and developing a portfolio of data center assets, particularly smaller, strategically located facilities that support hyperscale tenants' networks across the United States.
Technological Platform and Innovation
Cloud Capital differentiates itself through its affiliation with CloudHQ, enabling access to a vertically integrated platform that encompasses the development, management, and operation of data centers at a global scale. This integration allows Cloud Capital to offer "plug-and-play" data center capacity to users with large internet infrastructures, ensuring rapid deployment and scalability. The firm's investment strategy is guided by a responsible investment policy, adherence to the Principles for Responsible Investment (PRI), and participation in GRESB ESG benchmarking, reflecting a commitment to sustainable and ethical investment practices.
Leadership Team
Cloud Capital's leadership comprises seasoned professionals with extensive experience in data center development, investment management, and operations:
- Hossein Fateh, Founder and Chief Executive Officer
- Over 25 years of experience in developing and operating data centers.
- Former CEO and Co-Founder of DuPont Fabros Technology, which was sold for $7.8 billion in 2016.
- Built and operated over 700MW of data center space worldwide.
- Shariar Mohajer, President and Chief Investment Officer
- Over 30 years of experience in Mergers & Acquisitions and Private Equity advisory.
- Led the Communications Infrastructure M&A practice at RBC Capital Markets.
- Executed over $100 billion in transactions within the communications infrastructure sector.
- Christof Hammerli, Senior Managing Director
- Over 25 years of experience in acquisitions, corporate development, finance, and risk management.
- Led the Digital Infrastructure Division at Landmark Dividend, acquiring approximately $1.5 billion in data center assets.
- Former Chief Acquisitions Officer at Carter Validus, overseeing acquisitions worth approximately $4 billion.
- John Comerford, Chief Operating Officer and Chief Compliance Officer
- Over 30 years of financial services experience.
- Founding partner at Everett Capital Advisors, Brennus Asset Management, and Plexus Partners.
- Held roles in Treasury Risk Management and Commodity Trading at Bank of America Merrill Lynch.
- Vivian Tongalson, Head of Investor Relations and Capital Formation, Americas
- Over 20 years of experience in alternative asset classes, including real estate and infrastructure.
- Former Managing Director at Grubb Properties and Northwood Investors, leading institutional capital formation and investor relations.
Leadership Changes
In February 2024, Cloud Capital appointed Vivian Tongalson as Head of Investor Relations and Capital Formation for the Americas. With over two decades of experience in alternative asset classes, including real estate and infrastructure, Ms. Tongalson focuses on developing relationships with institutional investors and consultants, enhancing the firm's capital formation and investor engagement initiatives.
Competitor Profile
Market Insights and Dynamics
The global data center market is experiencing significant growth, driven by the increasing demand for digital infrastructure to support cloud computing, artificial intelligence, and data storage needs. The expansion of hyperscale data centers and the proliferation of edge computing are key trends shaping the industry. Investments in data center assets are becoming increasingly attractive to institutional investors seeking stable, long-term returns.
Competitor Analysis
Cloud Capital operates in a competitive landscape alongside several notable firms:
- CoreWeave: Specializes in high-performance computing and GPU-accelerated workloads, often used for AI, graphics rendering, and scientific simulations.
- Vultr: A data center operator that has secured significant funding to expand its cloud computing platform, focusing on providing alternatives to major hyperscalers.
- Lambda Labs: Provides GPU cloud computing tailored for AI research, deep learning, and machine learning development.
These competitors emphasize specialized services and strategic partnerships to differentiate themselves in the rapidly evolving data center market.
Strategic Collaborations and Partnerships
Cloud Capital's affiliation with CloudHQ provides a significant competitive advantage, offering access to a vertically integrated platform for data center development and operations. This relationship enables Cloud Capital to leverage CloudHQ's extensive technical expertise and market experience, enhancing its ability to source proprietary, de-risked, and compelling data center investments globally.
Operational Insights
Cloud Capital's strategic considerations include:
- Tenant-Centric Approach: Focusing on building and maintaining strong relationships with key data center tenants to ensure long-term partnerships and stable income streams.
- Global Expansion: Targeting acquisitions and developments in tier-one markets with high barriers to entry, enhancing the firm's global footprint and market position.
- Sustainable Investment Practices: Adhering to responsible investment policies and ESG benchmarking to create sustainable long-term value for investors and stakeholders.
Strategic Opportunities and Future Directions
Cloud Capital's strategic roadmap includes:
- Fund Expansion: Completing the fundraising for Cloud Capital Fund II to further invest in strategically located data center assets supporting hyperscale tenants.
- Portfolio Diversification: Expanding the portfolio to include a mix of stabilized assets and development projects to balance risk and return.
- Technological Integration: Leveraging advancements in data center technology to enhance operational efficiency and meet the evolving needs of tenants.
By capitalizing on its current strengths and strategic partnerships, Cloud Capital is well-positioned to achieve its future objectives in the dynamic data center investment landscape.
Contact Information
For more information, please visit Cloud Capital's official website.
