Investment trusts such as Tritax Big Box Reit and Pantheon Infrastructure are well-placed to capitalise on the surge in investment in the infrastructure underpinning the tech revolution, according to fund analysts.
President Donald Trump’s second state visit to the UK in September 2025 brought a series of major announcements from leading US technology firms, with Microsoft, Nvidia and Google among the companies pledging billions of dollars in investment towards artificial intelligence (AI), data centres and low-carbon energy infrastructure across the UK.
These commitments reflect a wider global race to expand digital and energy capacity in response to the rapid growth of AI technologies. Data centres are central to this transformation, requiring secure locations, large-scale power connections and, increasingly, clean energy sources to meet performance and sustainability targets.
Annabel Brodie-Smith, communications director at the Association of Investment Companies, said: “The closed-ended investment trust structure is particularly well-suited for investing in hard-to-sell assets like data centres and energy infrastructure. Investors can buy and sell their shares on the stock market while their fund managers can take a long-term approach to their portfolio.”
Below, Trustnet looks at five investment trusts that are backing the boom in AI, data centres and energy.
Tritax Big Box Reit
Tritax Big Box REIT acquired a 74-acre site near Heathrow, known as Manor Farm, to develop a 107 megawatt (MW) data centre with plans for a second phase adding another 40MW. The site currently serves as open industrial storage and is being repositioned for high-capacity computing infrastructure.
Ashley Thomas, infrastructure & renewables research analyst at Winterflood Securities, said: “Tritax Big Box REIT has also built a pipeline of additional grid connection agreements across the UK that could provide around 1,000MW of power for further data centre opportunities, which could be delivered from 2028 onwards.”
The trust’s joint venture with a low-carbon power generator enables it to bypass typical grid access delays and begin operations around 10 times quicker than would be possible through seeking access to power direct from the grid. This strategic alignment with energy providers may give Tritax a structural advantage in scaling data centre development over the coming years.
Larger facilities are increasingly common and Tritax’s approach reflects the sector's shift from 10–50MW data centres to sites exceeding 300MW in capacity. Its forward pipeline signals intent to be a major participant in meeting future AI-driven power demands.
International Public Partnerships
International Public Partnerships is indirectly exposed to data centre demand through its investment in low-carbon energy projects. A key example is its £250m stake in the Sizewell C nuclear plant, a 3,200MW facility expected to provide around 7% of the UK’s future electricity supply.
“While the Sizewell C facility itself is estimated to deliver power from the mid-to-late 2030s, thanks to the funding model for construction it should start to generate positive shareholder returns for INPP from 2026 onwards,” said Thomas.
By backing critical baseload generation such as Sizewell C, International Public Partnerships helps underpin the energy security required for high-performance computing facilities. The trust’s investment strategy aligns with projected increases in data centre power demands over the next decade.
The National Energy System Operator expects data centre electricity use to rise more than fourfold, creating greater urgency for low-carbon generation, so the trust’s portfolio positions it to benefit from this structural trend.
Sequoia Economic Infrastructure Income
Sequoia Economic Infrastructure Income has allocated 12.1% of its portfolio to data centres, financing the construction, expansion or refinancing of 39 centres across Europe and North America and delivering over 348MW of total capacity.
Iain Scouller, managing director of investment funds research at Stifel, said: “Sequoia has provided financing for the construction, expansion or refinancing of 39 individual data centres, providing over 348MW of data centre capacity, across both established and emerging digital hubs in Europe and North America.”
Pantheon Infrastructure
Pantheon Infrastructure holds data centre assets across North America and Europe through its investments in CyrusOne and Vantage Data Centers. These operators serve hyperscale cloud providers and large enterprises across 87 facilities.
Ben Newell, analyst at Investec, highlighted the trust’s digital infrastructure exposure: “Pantheon Infrastructure also has significant exposure, with investments in CyrusOne (alongside private equity giant KKR, around 7% of its portfolio) and Vantage Data Centers (alongside DigitalBridge, around 6% of its portfolio).”
Beyond data centres, Pantheon’s portfolio includes Calpine, a major US gas-fired power producer, and Intersect Power, a renewables developer. These assets provide a link between rising energy needs and infrastructure supply.
Cordiant Digital Infrastructure
Cordiant Digital Infrastructure owns 22 data centres alongside other digital assets such as fibre networks and mobile towers. It holds a 37% stake in DataCenter United in Belgium, as well as interests in facilities in New York and the Czech Republic.
“Data centres and cloud comprised around 15% of Cordiant’s revenue in the year to 31 March 2025,” said Newell, who noted the trust’s active expansion plans, including a 26MW site near Prague and €120m in new financing by DataCenter United.