For Windows and IBM i in IBM Cloud you would probably use a Virtual Private Cloud (VPC) to run the Windows server. Power LPARs run in a Workspace in Power Virtual Server. So you would create a VPC and a Workspace, which would each have their own network subnets and then network them together using a Transit Gateway. The VPC can also provide a site to site VPN or a client to site VPN for access. Both of these allow you to access the IBM i from on-prem.
One easy way to set this up quickly would be to use the Power Virtual Server with VPC landing zone. This will deploy the resources I mentioned along with others for file storage, NTP, DNS, cloud monitoring, etc.
One last thing on levels since you mention a model 720. Power Virtual Server has Power9 and Power10 systems in it and it only supports IBM i releases that are in support or extended support: https://www.ibm.com/support/pages/release-life-cycle. This means that the minimum currently supported version of IBM i is 7.2.
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Samuel Matzek
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