Digital Realty CEO Andy Power: Private fundraising is 'critical to the success of our company'

With digital transformation workflows already well engrained in data center demand, cloud computing needs growing by almost a third annually, and a world entering an era defined by artificial intelligence, Austin-based Digital Realty finds itself facing serious capital requirements. The world's biggest data center REIT by footprint, the firm is turning to private markets for a solution that can complement its already extensive use of public equity and debt markets. In the same month PERE broke news of the REIT’s plans to launch both open- and closed-ended private funds in each of the three major regions, CEO Andy Power spoke to The PERE Podcast about the thesis behind Digital Realty's plans amid the wider capital and opportunity context. Listen as Power speaks – in person – to PERE editor‑in‑chief Jonathan Brasse about the move and why private markets may be best positioned to support what the firm sees as an unprecedented wave of investment demand.