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Home/Deal Room/Equinix and PGIM form U.S. xScale data-center JV

Financing · Evidence brief

Equinix and PGIM form U.S. xScale data-center JV

Equinix + PGIM Real Estate

Primary sourcePress release only2024-09-30
Deal structureHyperscale data-center joint venture
GeographyUnited States
Infrastructure layersFinancing + data centers
Disclosed scaleMore than $15B of capital capacity for U.S. xScale data centers

Why it matters

The strategic read

Institutional real-estate capital is financing hyperscale AI capacity, not just traditional cloud operators.

Source-supported terms

What was disclosed

  1. 01

    Equinix and PGIM announced a U.S. xScale data-center joint venture.

  2. 02

    The JV was described as having more than $15B of investment capacity.

  3. 03

    The platform targets hyperscale demand, including AI-driven cloud growth.

Disclosure boundary

What is known—and what is not

JV announcement; asset-level leases and debt terms not fully public.