Skip to content
Friday, October 23, 2026 · Today’s edition, 6:30 a.m. ETFri, Oct 23 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

SC Capital Partners invests in 40MW Pohang data center with NeoAI Cloud

The Singapore manager did not disclose its investment size; about 2 trillion won ($1.35 billion) had gone into the project as of July.

At a glance

  1. The Singapore manager did not disclose the size of its investment or the split between its capital and the government-backed money the project has also secured.
  2. Construction has begun, with power approval and building permits in hand, and the first phase — 100,000 square meters — targets completion by the end of 2027, according to the companies.
  3. NeoAI will initially offer colocation from what will be its first data center, then layer GPU-as-a-service and AI platform capabilities on top, CEO Jonathan Yongwan Jo said.

SC Capital Partners Group has invested in a 40MW data center project in Pohang, South Korea, with neocloud startup NeoAI Cloud, the companies said. The Singapore manager did not disclose the size of its investment or the split between its capital and the government-backed money the project has also secured.

Construction has begun, with power approval and building permits in hand, and the first phase — 100,000 square meters — targets completion by the end of 2027, according to the companies. The design is aimed at AI workloads and includes liquid-cooled infrastructure specified for Nvidia Vera Rubin systems. Data Center Dynamics reported that around 2 trillion won ($1.35 billion) had been invested in the project as of July.

NeoAI will initially offer colocation from what will be its first data center, then layer GPU-as-a-service and AI platform capabilities on top, CEO Jonathan Yongwan Jo said. He put the planned second phase at 260MW, six and a half times the capacity of the first.

Reported by the Fundraising desk from Data Center Dynamics. Published . Corrections

Related

Real Estate

SC Capital Partners completes investment in 40MW Pohang AI data center

The liquid-cooled project has power approval, building permits and a secured anchor tenant; completion is targeted for the end of 2027.

Real Estate

SC Capital Partners sells Rivervale Mall for S$276m, 20% above 2019 cost

The SC Core Fund sale of the Sengkang mall completed Sept. 30, 2026, pricing about 6 percent above its June valuation.

Infrastructure

Nebius secures $3.5bn Citi facility at SOFR plus 2.75 points

The one-year facility funds data center and GPU purchases and can step up to a maximum spread of 3.50 points over Term SOFR.

Infrastructure

Sosteneo Fund II completes first external close above €150m

The Generali Investments unit says Fund II vintage commitments now exceed €450 million, with Fund I beginning distributions in the second quarter.

Infrastructure

Ara Partners launches Ara Energy Fund I with $2.5bn in assets

The Oct. 21 record names the fund and size but does not state a strategy, sector split or named investors.

Private Infrastructure Dailyfrom Private Wealth Daily

Energy transition, digital infrastructure and core-plus funds. Weekdays at 7:25 a.m. ET.

Free. Weekday mornings. Unsubscribe from any edition in one click.

From other sections