Japan’s Dai-ichi Life Insurance has invested US$40 million in a digital infrastructure fund managed by US asset manager DigitalBridge Investment Management.
The DigitalBridge Partners III fund primarily invests in data centres, cell towers and fibre networks in the US, Europe and Asia.
Dai-ichi Life’s investment is its first in a digital infrastructure fund. According to the company, digital infrastructure is set to become increasingly critical for next-generation digital processes.
“Through this investment, the company aims both to help lay the foundations for next-generation digital societies and to maximise risk-adjusted returns,” the insurer says in a statement on August 6.
The company says it will continue to identify growth areas and diversify strategies for investments in funds that specialise in specific sectors.
Florida-based DigitalBridge Investment has around $80 billion of assets under management.
Tokyo-based Dai-ichi Life had around 34.7 trillion yen ($239.8 billion) of assets as of March 2024.