Anonymous ID: 720143 Oct. 8, 2024, 8:01 p.m. No.21733263   🗄️.is đź”—kun   >>3458

Blue Owl adds $10.5B to its data center portfolio

 

Blue Owl’s latest deal addresses LPs’ frenzied demand for data centers.

 

On Monday, the $192 billion alternative asset manager announced its plans to acquire IPI Partners, a digital infrastructure fund manager. The deal reflects increased LP demand for exposure to the industry and heightened competition among asset managers to attract the capital flowing into the space.

 

The IPI Partners acquisition places Blue Owl in competition with some of the most active data center investors—like Blackstone and Macquarie Asset Management—adding a portfolio of 82 data centers, $10.5 billion in AUM and its existing LP base to Blue Owl’s platform. IPI’s managing partner Matt A’Hearn will act as Blue Owl’s head of digital infrastructure under the agreement.

 

In recent years, the race among the world’s largest tech companies to adopt and develop artificial intelligence has fueled the demand for AI-compatible data centers, which generate the computational power needed to support these models.

 

Investor demand for exposure to the space has grown in tandem. From 2014 to 2023, digital infrastructure funds, dedicated largely to data centers, cell towers and their operators, brought in an average of 52% of all capital raised across infrastructure, according to a PitchBook analyst note.

 

https://pitchbook.com/news/articles/blue-owl-ipi-partners-data-centers-pe

 

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