Blackstone Plans Publicly Traded AI Data Center Acquisition Company
American investment firm Blackstone plans to launch a publicly traded acquisition company focused on buying data centers, according to Bloomberg. The company aims to raise tens of billions of dollars, initially approaching sovereign wealth funds before expanding to other investors.
The new entity will invest in already-built and leased data centers rather than development projects. Its structure is still being finalized and will require regulatory approval, though it could debut as soon as this year. The vehicle is expected to compete with existing real estate investment trusts such as Digital Realty Trust and Equinix for investor capital.
The initiative aligns with Blackstone’s broader push into AI infrastructure. Since acquiring QTS Data Centers in 2021 for $10 billion, the firm has seen QTS’s leased capacity grow fourteenfold. More than 20 percent of Blackstone’s real estate income trust portfolio is now tied to data center assets, reflecting its ongoing expansion in the sector.
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