Canada Pension Plan Investment Board (CPP Investments) and several US pension plans, including California State Teachers’ Retirement System, have participated in a A$1.5bn (€920m) fundraising via share issue by Australia’s largest listed data centre company, NextDC.
CPP Investments, which now holds a 5.1% voting right in NextDC, invested around A$50m for 36.8m shares.
A group of investors represented by State Street Global Advisors, alongside Aware Super, have acquired nearly 80m shares in the company, for an 11% voting stake.
The investor group includes CalSTRS, State of Alaska Retirement Management Board, Police and Firemen’s Retirement System of New Jersey, Los Angeles County Employees Retirement Association, Teachers’ Retirement System of Texas and the Federal Retirement Thrift Investment Board.
Following a share offer launched two weeks ago, NextDC has raised a total of A$2.2bn, including a A$700m debt facility, to fund new data centre developments.
As previously reported, one of the firm’s supporters in the current series of capital raising is La Caisse, which has invested a total of A$1.7bn in two tranches.
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