**PGIM Real Estate Closes $2 Billion Global Data Center Fund**
PGIM Real Estate has successfully completed fundraising for its inaugural Global Data Center Fund (GDCF), securing $2 billion in capital. The capital was raised from a wide range of global investors and included a distribution partnership with a leading global private bank to expand asset sourcing efforts across multiple markets.
The GDCF employs a build-fill-sell investment strategy, with a focus on the low-latency hyperscale segment of the global data center sector. The fund targets opportunistic returns by creating value through asset-level development joint ventures in collaboration with top-tier data center operators.
“Data centers are at the heart of the digital framework that is playing an increasingly critical role across our economy and society,” said Morgan Laughlin, Global Head of Data Center Investments at PGIM Real Estate. “In line with the recognition of the importance of digital infrastructure in our modern lives, global investors are rapidly increasing their exposure to the sector.”
The launch of the GDCF reflects the growing institutional interest in digital infrastructure, particularly in response to the rising global demand for cloud computing, artificial intelligence, and other data-intensive technologies.
