AustralianSuper has committed A$2.2bn (鈧�1.35bn) as part of a US$2bn equity raise by US data centre platform DataBank.
The superannuation fund is joining other existing DataBank investors, including DigitalBridge, in the capital raise to support DataBank鈥檚 expansion across its network of over 65 data centres in more than 27 markets, including three new campuses in Dallas, Culpeper and Atlanta.
Jason Peasley, the head of mid-risk portfolios at AustralianSuper, said: 鈥淎ustralianSuper鈥檚 investment in DataBank comes at an exciting time with strong tailwinds across the sector, coupled with DataBank鈥檚 ambitious expansion program and diverse business base.鈥�
He added that DataBank will grow and 鈥渇urther diversify our global digital infrastructure exposure, a sector we believe will help deliver sustainable, long-term performance for more than 3.4m members鈥�.
The investment in DataBank will be AustralianSuper鈥檚 first in the US data centre market and the second AustralianSuper鈥檚 global real assets portfolio now totals nearly A$60bn.
In 2023, AustralianSuper signed a $2.5bn deal with DigitalBridge to acquire a significant minority stake in Vantage Data Centres Europe, Middle East and Africa.
DigitalBridge senior managing director, Jon Mauck, said: 鈥淲e鈥檙e thrilled to welcome AustralianSuper as a key investor in DataBank,鈥� adding that this investment highlighted the resilience and long-term value of digital infrastructure as an asset class.鈥�
DataBank CEO, Raul Martynek said: 鈥淭his investment, and our new campuses, are a game-changer for DataBank and our customers, allowing us to bring this capacity to market now and seize the incredible opportunity ahead of us.鈥�
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