Swiss pension fund partnership invests in NorthC

Summary by AI ^BETAClose X

Record plc, through its subsidiary Record Asset Management GmbH, has committed capital to a co-investment vehicle for Swiss pension funds, which will acquire a 37.5% stake in NorthC Datacenters B.V., a European enterprise colocation data centre platform. This transaction, executed in partnership with Antin Infrastructure Partners, expands the portfolio's exposure to digital infrastructure and follows previous investments in Pattern Energy and TenneT Germany. The vehicle has now committed 35% of its initial investor capital, with the acquisition subject to regulatory clearance.

Disclaimer*

Record PLC

30 March 2026

RECORD PLC

Swiss pension fund partnership invests

in enterprise colocation data center platform NorthC

Record plc ("Record", the "Company" or the "Group"), the specialist currency and asset manager, announce that its subsidiary Record Asset Management GmbH ("RAM"), has committed to its third infrastructure transaction through its co-investment vehicle for Swiss pension funds.

The co-investment vehicle enables leading Swiss pension funds to invest alongside ABP (the Dutch pension fund for government and education employees) through APG's Asset Owner Partnership ("AOP") programme, which is managed by APG Asset Management N.V. ("APG").

The commitment relates to APG's agreement, on behalf of its pension fund client ABP and the Swiss pension fund partnership (AOP III), to acquire a 37.5% stake in NorthC Datacenters B.V. ("NorthC"), one of Europe's leading enterprise colocation data centre platforms. NorthC is headquartered in the Netherlands and operates across the Netherlands, Germany and Switzerland.

The transaction will be executed in partnership with Antin Infrastructure Partners ("Antin"), following Antin's acquisition of 100% of the company from DWS. Antin and APG will assume joint ownership of NorthC, combining their complementary sector expertise, long-term investment horizon and shared commitment to developing sustainable digital infrastructure.

This investment positions NorthC to advance its development pipeline and deepen its presence in high demand metropolitan markets, supporting Europe's shift toward secure, sustainable and locally governed digital infrastructure.

The acquisition is subject to regulatory clearance.

This investment expands the portfolio's exposure to digital infrastructure and follows earlier commitments to Pattern Energy and TenneT Germany. The vehicle has now committed 35% of its initial investor capital.

RAM continues to deploy capital on behalf of its clients through a disciplined co-investment approach, focused on infrastructure assets with long-term value characteristics.

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For further information, please contact:

Record plc

Dr Jan Witte, Chief Executive Officer

Cerian Tahany FCG, Company Secretary

investorrelations@recordfg.com

Panmure Liberum

Atholl Tweedie

David Watkins

Tel: +44 (0)20 7886 2500

Record plc - LEI Number: 5493000VJ55ZTYGX4322

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