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Morgan Stanley Infrastructure Partners has acquired a partial controlling interest in data center provider Flexential, an investment the firms say will fund the expansion of the Denver-based provider’s data center portfolio.  

While the terms of the deal haven't been disclosed, MSIP’s equity investment will make it a co-control investor alongside Flexential’s parent company, GI Partners. The transaction is expected to close before the end of the year.  

Flexential operates 42 data centers in 19 markets, with 325 megawatts of capacity operating or in development. Founded by GI Partners in 2017 through the merger of two smaller data center firms, Flexential’s business model is primarily focused on retail colocation, with tenants ranging from enterprise customers to Big Tech cloud providers. GI Partners has invested around $1B in Flexential over the past decade, according to the firm.