VP, Head of Global Development

Description: About Cloud Capital: Cloud Capital is a Washington, D.C.–headquartered digital infrastructure investment firm that acquires, develops, and operates hyperscale and wholesale data center assets on behalf of institutional capital, with an active platform spanning the United States and Europe. The firm owns 31 assets across its fund vehicles today, and has historically relied on third-party developers to execute development and leasing on those assets. Cloud Capital is now building dedicated, in-house development capabilities — with the intent to grow this into a full development platform over time. The VP of Development is one of two initial hires for this build-out, alongside a VP, Head of Leasing. The role will supplement Cloud Capital's existing developer relationships on current assets while building in-house development capability - site selection, entitlement, power procurement, and delivery - for new and existing deals. There is no dedicated in-house development team, pipeline, or delivery process today - this is a ground-floor opportunity to define site selection criteria, power and entitlement strategy, and delivery methodology as Cloud Capital brings this capability in-house, with direct exposure to the senior executive team and Investment Committee. Job Summary: The VP of Development will own the full development lifecycle - from site identification through power procurement, entitlement, design, and construction delivery - for Cloud Capital's data center pipeline. This is a fund-facing role: development underwriting (land basis, power timeline, construction cost, and schedule) is the primary input to investment team decisions and directly drives fund returns. The VP will work directly with the Head of Leasing to align delivery schedules with tenant demand and lease timing, and will act as Cloud Capital's principal technical and delivery counterparty with utilities, municipalities, general contractors, and EPCs. Key Responsibilities: Site Selection & Power Procurement Identify, evaluate, and underwrite development sites across target U.S. and European markets, with rigorous attention to power availability, timeline, and cost Lead utility engagement and power procurement strategy - the critical-path constraint for hyperscale delivery Build relationships with landowners, brokers, utilities, and municipalities to source and secure sites ahead of competitors Entitlement, Design & Pre-Construction Manage entitlement, zoning, and permitting processes across multiple jurisdictions Oversee design development and value engineering in partnership with architects and engineers Own pre-construction budgeting and schedule development, feeding directly into IC underwriting Construction Delivery & Cost Control Select and manage general contractors, EPCs, and key vendors; negotiate GMP and lump-sum construction contracts Own construction budget, schedule, and risk management across the active development pipeline Provide regular cost-to-complete, schedule, and risk reporting to the senior executive team and Investment Committee Fund & Investment Alignment For acquisition due diligence, lead due diligence process from a technical standpoint working with external consultants Translate development underwriting - land basis, power timeline, hard/soft costs, schedule risk - into IC-ready investment cases Communicate directly on development risk assessment for go/no-go and capital deployment decisions Align delivery milestones with the VP, Head of Leasing to ensure construction timing supports tenant commitments Platform & Team Building Stand up development processes, vendor relationships, and reporting frameworks from the ground up Build out the development team as the pipeline scales - this role owns hiring and structuring the function Establish development standards and specifications as Cloud Capital builds a direct development capability Requirements: 10+ years in data center or mission-critical development, wi…

View the full posting and apply