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PGIM Real Estate closes $2B global data center fund

Summary by NJBIZ
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 …
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iz.de broke the news in on Friday, April 4, 2025.
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