On October 15, 2024, DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, announced a $2.0 billion equity raise led by AustralianSuper, Australia’s largest superannuation fund, which committed $1.5 billion. The investment will be used to fund the expansion of DataBank’s footprint of over 65 data centers in more than 27 markets, including the addition of three new campuses in Dallas, Culpeper, and Atlanta. These expansions will add more than 850MW of power to DataBank’s portfolio, more than tripling its existing 330MW of power deployed. The investment marks AustralianSuper’s first in the U.S. data center market and will make it a significant minority owner of DataBank. The transaction is expected to close by the end of 2024.