Jul 14, 2023 | Posted by Abdul-Rahman Oladimeji
The Australian pension fund Aware Super has invested in the data center company Switch Inc. This week, Switch proprietor DigitalBridge announced that Aware Super will make "a significant investment" in Switch. The deal's value wasn't made public in the initial publication, but DigitalBridge's CEO described it as a "$500 million commitment" on LinkedIn.
Reno, Las Vegas, Grand Rapids, and Atlanta are the locations of Switch's 'Prime' data center campuses. It is constructing a massive data center in Texas, where it also recently acquired Data Foundry for $420 million. Switch also maintains a stake in the Bangkok, Thailand, SuperNAP facility. Additionally, the corporation has an Edge business, with Dell constructing Edge data centers at FedEx locations in the United States.
DigitalBridge's senior managing director, Jon Mauck, stated that Aware Super recognizes the importance of digital infrastructure in the ongoing digitization of the worldwide economy and welcomes the opportunity to collaborate with them to invest in Switch, one of the industry's most rapidly expanding and highest-quality data center portfolios.
DigitalBridge and IFM Investors privatized Switch for $11 billion in December 2022. Aware Super is a superannuation fund, a type of pension system, that was established in Australia in 1992. With $150 billion under management and over 1 million members, it is the third-largest such fund in Australia.
