Nz Super Fund Seeks To Capitalise On Growing Demand For Data; Invests Up To Us$115 Million In North American Data Centres | New Zealand Super Fund
The NZ Super Fund (the “Fund”) is seeking to capitalise on demand for digital infrastructure, underpinned by the growth in data, by investing up to US$115 million in North American data centres. The investment is being made alongside vehicles managed by CIM Group, a North American real estate and infrastructure owner and operator. The investment includes potential access to certain of CIM’s pipeline of future data centre transactions and its existing portfolio of six data centres at various stages of development and operations. The existing portfolio is owned through one or more joint ventures with CIM Group’s managed vehicles.