The partnership is designed to meet rising demand from hyperscalers and India's expanding digital economy
CPP Investments has entered a strategic partnership with CtrlS Datacenters Ltd., committing up to C$1 billion to expand digital infrastructure in India, according to the fund’s press release on Wednesday.
The deal includes a direct equity stake and a joint venture to develop hyperscale data centre campuses across the country.
Under the terms of the partnership, CPP will invest C$588 million to acquire an 8.2 per cent stake in CtrlS, which operates a data centre platform with contracted capacity, long-term customer relationships and a growing development pipeline.
Separately, the two parties will form a joint venture to build hyperscale data centre campuses. CPP Investments has committed up to $441 million to the venture and will hold 48 per cent equity ownership, with CtrlS holding the remaining 52 per cent.
“Demand for data centre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand,” said Max Biagosch, senior managing director and global head of real assets at CPP Investments.
“This partnership with CtrlS positions us to scale high‑quality infrastructure and deliver long‑term value for CPP contributors and beneficiaries," he added.
The partnership is designed to meet rising demand from hyperscalers, cloud service providers, AI applications and India's expanding digital economy. CPP Investments has been investing in the data centre sector globally since its first direct investment in 2017 and has since built a portfolio of data centre assets and joint ventures across major international hubs, including Asia Pacific.
Biagosch said the partnership draws on CPP Investments' established footprint in India, where it has been active for over 10 years. He pointed to the fund's local platform as a foundation for continued investment alongside operators like CtrlS, emphasizing a patient, disciplined execution strategy.
"India's AI moment is not on the horizon, it is already here," said Sridhar Pinnapureddy, Founder and CEO of CtrlS. "The demand signals from hyperscalers, cloud providers, and enterprises are clear and unmistakable. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments reinforces these values."
CPP Investments first invested in India in 2009 and opened its Mumbai office in 2015. It held more than $27 billion in net assets in the country as of March 31, 2026, making it one of the largest international institutional investors in India.
