L&G Raises €600 Million Data Center Fund in Private Markets Push
Legal & General Group Plc, the UK's largest asset manager, has raised €600 million ($704 million) for a digital infrastructure fund. This move is part of the company's strategy to expand its private-markets offerings. The fund will focus on investing in data centers, a rapidly growing sector driven by the increasing demand for cloud computing, digital services, and data storage. By tapping into the private markets, Legal & General aims to diversify its investment portfolio and capitalize on the growth opportunities in the digital infrastructure space. The successful fundraising highlights the growing investor interest in the data center industry, which is seen as a critical component of the global digital economy. This new fund will allow Legal & General to deploy capital in this emerging market and potentially generate attractive returns for its investors.
Source: For the complete article, please visit the original source link below.
