DigitalBridge Group (NYSE: DBRG) and Aware Super announced a partnership in which Aware Super will make a significant investment in Switch, a 100 percent renewable-powered data center platform that a DigitalBridge-managed investment entity acquired in December 2022. Switch operates five exascale data center campuses around the U.S. and has developed novel energy efficient power and cooling solutions for large scale data center applications.
Aware Super, based in Sydney, Australia, is a super fund with approximately $110 billion under management as of July 1. The fund has proactive investments in alternative assets including infrastructure, real estate, and private equity. The partnership follows the take-private transaction of Switch in which affiliates of the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. for approximately $11 billion, including the repayment of outstanding debt, Inside Towers reported.
Mark Hector, Aware Super Head of Infrastructure says, “We are pleased to partner with DigitalBridge to invest in Switch as we grow our portfolio of digital infrastructure investments. Switch’s differentiated platform of high-quality data centers and 100 percent carbon-neutral footprint aligns with our purpose of delivering strong, risk-adjusted returns to our 1.1 million members and as a responsible owner and operator of real assets.”
“Aware Super recognizes the role of digital infrastructure in the ongoing digitization of the global economy and we welcome the opportunity to partner with them to invest in Switch,” comments Jon Mauck, Senior Managing Director at DigitalBridge.
“As a renewables-powered digital infrastructure investment, Switch is at the forefront of innovation in the data center industry,” adds Kevin Smithen, DigitalBridge Chief Commercial and Strategy Officer. “We are delighted to partner with Aware Super as they further expand their portfolio into North America and Europe and increase exposure to high-quality digital infrastructure investments.”
Reader Interactions