Eagle Point Credit Management, a private credit investment manager, provided the second in a series of two senior secured credit financings to Nexus Apex, owned by Nexus Data Centers, a data center developer backed by Transition Equity Partners. Nexus Data Centers is developing a ~2,900-acre campus designed to support behind-the-meter power generation, NeoCloud and high-density hyperscale infrastructure facilities.
These financings will support the further development of the proposed data center campus. Eagle Point directly originated and structured the investments.
“As demand for data center capacity continues to accelerate, Eagle Point is pleased to play a key role in supporting this advanced-stage data center project through two nine-figure financings,” Jennifer Powers, principal and head of infrastructure credit at Eagle Point, said. “We have been highly impressed with the Nexus team and their ability to develop one of the few U.S. data center campuses with near-term power availability at scale. This project represents a compelling investment opportunity for our platform, and we look forward to the potential for continued collaboration as Nexus advances its expanding pipeline of developments.”
Nate Morse, principal and head of strategic credit at Eagle Point, said, “Nexus’ first-to-market strategy is very compelling, driven by its control of scarce gas engines and highly desirable sites with direct access to natural gas. With a clear and differentiated path to power within the next 12 months, we saw a unique opportunity to provide asset-backed financings that accelerate Nexus’ timeline and support its rapid scale-up. Eagle Point’s unique lens in underwriting these opportunities is strengthened by our equipment-finance-focused Strategic Credit team, which brings deep expertise to complex, asset-backed transactions.”
Ivan Van der Walt, CEO of Nexus Data Centers, added, “The Eagle Point partnership and these financings meaningfully advance our mission to develop state-of-the-art hyperscale campuses. In the global AI race where speed is paramount, Eagle Point’s ability to quickly tailor solutions that allow us to accelerate the deployment of this capital and deliver high performance from day one was of the utmost importance. We look forward to building on this partnership as we expand our platform and continue to drive performance, resilience and scalability across our developments.”
