General Atlantic will invest $150 million in Quality Technology
Services, a provider of data centers, to grow existing and new centers.
The company was founded in 2005 and serves New York, New Jersey,
Florida, Georgia and Silicon Valley. QTS runs data centers and provides
operational information technology support to its customers.
Since its founding, the company has expanded its data centers to
encompass more than 2 million square feet of real estate.
General Atlantic managing directors Philip Trahanas and William Grabe
will join the company's board of directors.
General Atlantic, which manages about $14 billion, recently agreed to
buy First Republic Bank, a retail bank based in San Francisco, from Bank
of America Merrill Lynch. GA is partnering with Colony Capital on the
deal, which has been estimated worth $1 billion..
The firm, based in Greenwich, Connecticut, was launched in 1980.