DataBank announces ~$2.0B equity raise

DataBank announced a $2.0B equity raise led by AustralianSuper, Australia’s largest superannuation fund, which committed $1.5B. Upon closing of the transaction, AustralianSuper will become a significant minority owner of DataBank and will join the company’s board of directors. The capital raise was oversubscribed and, in addition to the $1.5B from AustralianSuper, included another $483M in commitments from existing investors. The investment in DataBank would be AustralianSuper’s first in the U.S. data center market and the second alongside existing DataBank investor DigitalBridge. AustralianSuper’s global real assets portfolio now totals nearly $40B, and includes digital infrastructure assets across Australia, EMEA and South America.