Large Platform Events | Issue 23.31

Summary of Transaction Headlines

IREI | “Digital Realty, TPG Form $1.5 Billion Hyperscale Data Center JV in Northern Virginia”

Digital Realty and TPG Real Estate have established a joint venture in which TPG will acquire a majority stake in three stabilized hyperscale data centers in Northern Virginia. Digital Realty will maintain a minority interest in the portfolio while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience. “Demand for data centers continues to grow rapidly due to data proliferation and the mass adoption of cloud computing. These are long-term trends that we expect will only be accelerated by recent advancements in AI,” said Ty Newell, business unit partner with TPG Real Estate.

Pensions & Investments | “Sixth Street Appoints Co-Chief Investment Officer”

Julian Salisbury is leaving Goldman Sachs to become a partner and Co-Chief Investment Officer at global investment firm Sixth Street. Patrick Clifford, a spokesman for the firm, confirmed by email that Mr. Salisbury will share CIO duties with Alan Waxman, Chief Executive Officer, and Joshua Easterly, Co-President. Up until now, Mr. Waxman had served as sole CIO, the spokesman added Mr. Salisbury most recently served as CIO of Goldman Sachs’ Asset and Wealth Management Division where he was responsible for $2.7 Trillion in assets.