Practice

Strategic and commercial advisory.

For investors, operators and developers shaping their position in European AI infrastructure.

What this practice does

Where the question is broader than a specific site, we work on the strategic and commercial questions that determine how to build or deploy capital in European AI infrastructure. The work is led by direct senior involvement, not staffed-out by junior teams. Mandates are framed in advance with a written engagement letter that defines the question to be answered, the deliverable, the fee, and the timeline.

Where we engage

Three areas of work.

Investor-side
market entry & strategy

For infrastructure funds and institutional investors evaluating European data center exposure: market sizing in target geographies, comparative analysis of operator and developer counterparties, due diligence on individual assets or platform investments, evaluation of grid and permitting risk at the asset level.

Distinct from site-by-site sourcing in that the question is which markets and which platforms to be in, not which sites to buy within them.

Operator-side
commercial strategy

For operators considering market entry or capacity expansion: comparative market analysis, regulatory and permitting framework evaluation, partner identification, deal-flow channel design.

Where an operator’s question becomes “which sites do we look at,” the work moves to Via Terra; where the question is “where should we be looking and why,” the work stays here.

Capital and
partnership advisory

Structuring of partnerships and joint ventures between operators, developers and investors. Drafting of commercial terms in coordination with the client’s legal counsel. Negotiation support on capital partnership and platform-level transactions.

Selection of fee structures, governance frameworks, and conflict-management mechanics.

How we engage

Mandates begin with a framing call to confirm fit. From there, the typical structure is a defined deliverable engagement (specific question, specific output, specific fee), occasionally followed by a longer-term advisory relationship if the client and the firm conclude that ongoing senior input adds genuine value. We do not pitch retainers on first contact.

Who we serve

Hyperscalers, neocloud operators, colocation providers, infrastructure funds, institutional investors, real estate developers, and family offices with significant exposure to European AI infrastructure. Specific client references are available on request, under a mutual non-disclosure agreement.

What sits outside this practice

Site identification, technical site qualification, pre-application work with grid operators, and land transaction support are delivered through Via Terra, the joint venture between TechHer Capital and VIA DC. Where a client’s question reaches the level of “which site should we buy,” we direct them to Via Terra and the engagement is structured under the JV.

About Via Terra

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