Alphabet Dips Its Toe Into Infrastructure Investing

The technology giant is teaming up with its subsidiary, Sidewalk Labs LLC, and Ontario Teachers’ Pension Plan to launch an infrastructure holding company that is being spun out of Sidewalk. Sidewalk Infrastructure Partners, as the new firm will be known, will focus on investing in what the group calls technology-enabled infrastructure, the partners said.

The firm, which will be funded initially through financial commitments from each of the three partners, will aim to invest in advanced mobility, energy, water and waste, digital infrastructure, and social infrastructure. It will typically be investing in projects that require more than $100 million of equity, according to people familiar with the matter.