5C lands $605M Brookfield debt to build North American AI campuses
What's the deal? 5C Group, a developer and operator of large-scale AI data center campuses, has closed $605 million in debt financing led by Brookfield Asset ManagementDealroom has a profile for this one. Try Dealroom →. The Montreal-based company announced the round on August 10, 2026.
What's the endgame? 5C builds what it calls AI factories — campuses where compute, power, cooling, networking, and software are engineered together for dense AI workloads. It has over 1.5 gigawatts of roadmap capacity and can power hundreds of thousands of GPUs.
Where's the money going? The capital will fund the acquisition and construction of 5C's Memphis campus and support the expansion of its Ohio and Phoenix sites as they hit commercial and investment milestones.
Why now? The round follows the $835 million in equity and debt 5C raised in 2025, plus earlier capital. Combined, the funding is expanding 5C's AI infrastructure platform across North America.
"This financing reflects strong confidence in 5C's strategy and our ability to execute at scale," said chief executive officer Jonathan Ahdoot.
Brookfield, which manages over $1 trillion in assets, framed the deal as an extension of an existing partnership. "5C combines strong execution capabilities with a long-term approach to developing critical digital infrastructure," said Hamish Kidd, managing partner of infrastructure investments.
The signal: At $605 million, this ranks among the largest AI debt rounds ever raised by a Canadian company — the top percentile of 66 comparable deals. With capital chasing AI compute, infrastructure builders are increasingly turning to debt-heavy financing to fund power-hungry campuses at scale.
Image credit: North Charleston
Read more: PR Newswire
