Digital Infrastructure
Investing in high-quality, productive, fast-growing businesses and assets that accelerate digital transformation, strengthen connectivity, and deliver long-term economic benefits
Supporting the backbone of the modern, connected economy
Demand for digital infrastructure – from data centres and fibre networks to cloud platforms and wireless connectivity – is growing rapidly. This acceleration is driven by AI, cloud adoption, and the digital transformation of society. These assets form the backbone of modern economies, fuelling growth and productivity.
We give investors access to this fast-growing, essential sector by incubating opportunities on our balance sheet and partnering with leading developers, operators and market makers.
Established in 2018, our dedicated digital infrastructure team brings a proven global track record. With an average of 15+ years’ experience and a portfolio spanning the UK, Europe, and the US, the team has successfully appraised more than 100 deals.
By combining deep sector expertise with strong global partnerships, we deliver unique access to digital infrastructure shaping the future economy. Our focus is on creating long-term value for investors while supporting the essential networks that connect people, businesses, and societies globally.
Why digital infrastructure?
US$600bn
of investment will be made in data infrastructure alone by 2035, fueled by increased use of the cloud, social media, streaming and AI1.
¹McKinsey
Policy tailwinds driving investment
€77bn total government funding for digital infrastructure projects committed over the next 5 years across the UK, US and Europe2.
² UK - Project Gigabit, Building Digital UK, February 2024; EU - Digital Decade Strategy, The EU Digital Decade, September 2021; US - Infrastructure Investment & Jobs Act, November 2021.
Digitalisation megatrend driving demand
In our view, strong cashflow generation, success - based capex model and stickiness of demand represent attractive dynamics for investors.
Investment portfolio
Strategic partnerships
Collaborating with specialist platforms, developers and operators with deep sector expertise.
A future-focused approach
Investing in high-quality, fast growing businesses and assets that meet the needs of an evolving world, including those related to rapidly growing technologies like AI.
Contributing to economic growth
Our investment approach supports increased productivity, Gross Value Added (GVA) and job creation in the regions served by the infrastructure.
Investment case studies
Recognition
Insurance Asset Risk Awards 2025
Innovation investment of the year
London Newham Data Centre Development
Datacloud Awards 2025
Most Innovative Partnership of the year
London Newham Data Centre Development
Awards should not be considered a recommendation. Past performance is not a guide to the future.
Investment opportunity
Meeting the demands of a data-driven world
Increasing reliance on technology across industries fuels a continuous surge in data generation and consumption. Data centres are the essential infrastructure that underpins cloud computing, AI, e-commerce, and other digital services.
Strategic diversification and long-term growth
We believe digital infrastructure offers attractive characteristics for investors looking to diversify their portfolios and secure long-term, stable returns.
Developing sustainable infrastructure
We believe this sector offers sustainable and economically attractive investments through innovative technology such as utilising data centre heat for local heating networks.
L&G Digital Infrastructure Fund
An opportunity to invest in primarily in European and UK infrastructure essential to the digital economy, focusing on data centres, fibre, wireless connectivity and cloud services – with selective global exposure, expected mainly in the US.
L&G Digital infrastructure co-investments
Opportunity to invest alongside L&G in geographically diverse and complementary digital infrastructure offerings.
*L&G internal data as at 8th Sept 2025.
**Portfolio businesses data as at June 2025.
Read the Fund first close announcement
Meet the team
Matteo Colombo
Head of Digital Infrastructure
Neil Meikle
Head of Real Asset Capital Raising
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Key risks
The value of any investment and any income taken from it is not guaranteed and can go down as well as up, and investors may get back less than the amount originally invested. The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing is available from L&G's Fund Centres.
While L&G has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
Case study shown for illustrative purposes only. The above information does not constitute a recommendation to buy or sell any security.
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