Hillhouse in talks for $600m financing to support DayOne data centre expansion
Summary
Hillhouse is negotiating about $600 million in debt financing to support its investment in DayOne Data Centers. The proceeds would help fund continued expansion and could also refinance existing borrowings. DayOne recently completed a Series C round and now carries a higher valuation as demand for AI-driven digital infrastructure grows. The company is also exploring additional financing and a possible future U.S. IPO. This signals continued capital needs across hyperscale data center development in Asia and Europe.
Funding
Amount
$600.0M
Total raised
Date
June 18, 2026
Announcement date
Investors
Coatue Management
Lead investors
Company
-
Funded company
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