Aware Super, Australia’s third-largest superannuation fund, plans to make a significant investment in DigitalBridge-backed Switch, a 100 percent renewable-powered data center platform. Marc Ganzi, CEO of DigitalBridge, shared on LinkedIn that the commitment amount was $500 million.
Switch has campuses in Nevada, Texas, Georgia and Michigan. In December 2022, investment vehicles affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors completed an $11 billion take-private of Switch.
“I want to thank our new partners Aware Super for their support in joining us in the growth of Switch,” said Ganzi in the LinkedIn posting. “This new partnership is important to me and DigitalBridge as we continue to forge ahead with key areas of my focus in creating long-term value for our shareholders and limited partners alike. DigitalBridge has been laser focus on forming new capital in 2023, and doing so in co-investments and new stra