PGIM Real Estate closes $2B global data center fund
Listen to this article PGIM Real Estate raised $2 billion for its first Global Data Center Fund. The Newark-based real estate investment manager announced the completed fundraise April 2. According to PGIM Real Estate, the GDCF includes capital commitments from a range of global investors. Additionally, the company said it entered into a distribution partnership with an unnamed, leading global private bank to raise global assets for the fund. Data center activity has been a main CRE driver in recent years, as sites seek to meet space and power demands of...