Tag Archives: Data centers

Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments

Blackstone

NEW YORK, NY and DALLAS, TX – Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers, today announced the successful upsize of their existing senior secured credit facility to fund Aligned’s continued growth and accelerate its portfolio strategy.  The upsize brings BXCI commitments to Aligned to over $1 billion and is committed entirely by accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.

The expanded financing partnership supports Aligned’s rapid growth and accelerates the development of the company’s planned 5+ GW of future capacity across the Americas. The investment also positions Aligned to better meet surging demand for adaptive, sustainable and future-ready infrastructure supporting next-generation workloads ranging from high-density AI implementation, to cloud, and enterprise applications.

“Our stakeholders are key partners in our journey. We are thankful for their support as we strategically pursue the vast development opportunities driven by AI, cloud, and enterprise services,” said Meghan Baivier, Chief Financial Officer at Aligned. “This issuance is a testament to the market’s confidence in our long-term strategy and the strength of our entire portfolio. It provides us with an efficient capital structure to fuel our long-term growth and continue delivering industry-leading solutions that scale with our customers’ evolving needs.”

“We are thrilled to partner with Aligned, and this financing is consistent with Blackstone’s focus on providing large scale and flexible high-grade capital solutions to support critical digital infrastructure,” said Rick Campbell, Head of U.S. Private High Grade Credit at BXCI.

Alex Zoeckler, Senior Associate, Infrastructure & Asset Based Credit at BXCI, said, “We are grateful to work with the Aligned team and look forward to continuing to support the company’s infrastructure that powers the digital economy.”

Aligned is uniquely positioned to address the growing demand for AI, cloud, and enterprise services, leveraging its history of successful deployments in scalable locations and over a decade of innovation in both air and liquid cooling solutions optimized for the most powerful Graphics Processing Units (GPUs).

About Aligned Data Centers
Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers. Our intelligent infrastructure allows densification and vertical growth within the same footprint, enabling customers to scale up without disruption, all while maintaining industry-leading Power Usage Effectiveness (PUE). By reducing the energy, water and space needed to operate, our data center solutions, combined with our patented cooling technology, offer businesses a competitive advantage by improving sustainability, reliability, and their bottom line. For more information, visit www.aligneddc.com and connect with us on X, LinkedIn and Facebook.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Press and Analyst Inquiries
Jennifer Handshew for Aligned Data Centers
jennifer@180-mktg.com
+1 (917) 359-8838

Thomas Clements for Blackstone
Thomas.Clements@blackstone.com
(646) 482-6088

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Evolution Data Centres welcomes Zero Two as strategic shareholder in joint partnership with Warburg Pincus

Warburg Pincus logo

Singapore/Abu Dhabi, UAE – 12 August 2025: Evolution Data Centres (“Evolution”), a leading sustainable data centre platform in Southeast Asia, today announced a strategic investment by Zero Two, a digital infrastructure development and investment platform headquartered in Abu Dhabi. Zero Two’s investment in Evolution will provide long-term growth capital aimed at accelerating the deployment of hyperscale-ready data centres across key Southeast Asian markets. It also represents Zero Two’s first investment in Southeast Asia since its launch in 2022. Under the terms of the transaction, Zero Two will assume a co-controlling position alongside Warburg Pincus, establishing a strong institutional partnership to support Evolution’s continued growth.

This marks a significant milestone in Evolution’s growth journey, following Warburg Pincus’s initial investment in 2022 through a joint venture to develop and scale sustainable hyperscale data centres in Southeast Asia’s fast-growing markets. Since Warburg Pincus’s initial investment, Evolution has significantly expanded its portfolio across Thailand, the Philippines, and Vietnam, all of which will be powered by renewable energy via Power Purchase Agreements (PPAs) with leading renewable energy providers.

Darren Webb, CEO and Co-Founder of Evolution Data Centres, commented:

“We are absolutely delighted to welcome Zero Two as a strategic investor. Their support marks a major milestone for Evolution Data Centres and will significantly accelerate our mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Together with our investors and partners, we’re powering the next phase of digital transformation in the region.”

Ahmed Al Hameli, CEO of Zero Two, added:

“We are excited to partner with Evolution and Warburg Pincus to support the expansion of digital infrastructure across Southeast Asia. Evolution’s strong market positioning and leading execution capabilities make it a compelling fit for Zero Two’s long-term capital deployment strategy. Together, we aim to accelerate the scale up of energy-efficient hyperscale data centres that meet the region’s rapidly growing cloud and AI demands.”

Andrew Fitzpatrick, Principal at Warburg Pincus, said:

“We are excited to welcome Zero Two into our partnership with Evolution. We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia’s significantly underserved markets, where cloud and AI demand is rising rapidly. With strong execution capabilities and the backing of leading investors and trusted local partners, Evolution is uniquely positioned as an early mover and leading sustainable data centre platform in the region. We are pleased to have found a well-aligned and strategic partner in Zero Two to embark on this journey with us.”

-END-

About Evolution Data Centres

Evolution is a next-generation data centre platform focused on Southeast Asia. The company develops, owns, and operates high-performance digital infrastructure with a core focus on sustainability, scalability, and local market integration. www.evolutiondatacentres.com

About Zero Two

Zero Two, part of ADQ, is a digital infrastructure development and investment platform headquartered in Abu Dhabi. Since its formation in 2022, Zero Two has deployed over 550 MW of gross data center capacity in Abu Dhabi. As part of its growth strategy, the company is actively pursuing opportunities in data centers and high-performance computing (HPC) infrastructure globally, to support the UAE’s long-term digital and economic ambitions.

For more information, visit: www.zero-two.ae

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most successful investors in the region, with nearly $10 billion invested in around 60 real estate platforms and ventures across Asia Pacific. The firm also has a strong track record of investing in and building digital infrastructure platforms across Asia and was named “Data Center Investor of the Year in Asia” by PERE. For more information, please visit www.warburgpincus.com.

Media Contacts

Evolution Data Centres – Nigel Stevens – nigel.stevens@conscient.co.uk

Zero Two – media@adq.ae

Warburg Pincus – Lisa Liang, Asia Head of Marketing and Communications – Lisa.Liang@warburgpincus.com

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Apollo Funds to Acquire Majority Stake in Stream Data Centers, Forming a Scaled Digital Infrastructure Leader

Apollo logo

Apollo’s Long-Term Capital to Accelerate Stream’s 4+ GW Development Pipeline and Enable Deployment of Billions Into Critical U.S. Infrastructure

NEW YORK and DALLAS, Aug. 06, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire a majority interest in Stream Data Centers (“SDC” or the “Company”) from Stream Realty Partners (“SRP”). With Apollo’s backing, SDC is positioned to execute on a multi-gigawatt pipeline while enabling Apollo Funds and affiliates to potentially deploy billions of dollars into next-generation digital infrastructure. SDC’s management team will retain a minority stake and continue leading the business.

SDC builds, leases, manages and operates hyperscale data center campuses and has delivered more than 20 campuses to date. The Company controls over 4 gigawatts of long-term powered land and has a robust near-term pipeline. With Apollo Funds’ capital and strategic support, SDC plans to scale platform-wide development to meet accelerating demand from hyperscale cloud and AI providers across key Tier 1 and Tier 2 U.S. markets.

“Stream Data Centers represents a landmark digital infrastructure transaction for Apollo,” Apollo Partners Joseph Jackson and Trevor Mills said. “With deep development expertise and a valuable long-term land fund in key growth markets, we believe SDC is uniquely positioned to serve the infrastructure needs of the world’s most sophisticated technology customers. Apollo will bring scaled capital and structuring capabilities to help drive recurring origination across our ecosystem. We look forward to partnering with SDC as a key operating platform to deliver next-gen capacity at scale.”

Michael Lahoud and Paul Moser, Co-Managing Partners of Stream Data Centers, stated, “We are excited to partner with Apollo on the next phase of SDC’s growth amid robust demand for data center solutions. After more than two decades of delivering exceptional data center experiences, SDC has created a building and operating model with very strong fundamentals based on collaborative, enduring customer relationships. This symbiotic relationship with Apollo amplifies that existing strength, offering access to the capital required to significantly scale our developments at the rate hyperscale customers demand. We look forward to working with the Apollo team to execute on our pipeline — and we extend our sincere gratitude to SRP for providing the firm foundations that have helped SDC become the organization it is today.”

Apollo estimates that data centers will require several trillion dollars of global investment over the next decade, driven by a secular global industrial renaissance, with substantial investments required in power, facilities and semiconductor chips. Since 2022, Apollo-managed funds have deployed approximately $38 billion into next-generation infrastructure investments, including renewable energy, digital platforms and compute capacity. The firm plans to significantly scale its investment in these areas in the coming years, both through Stream and as a capital partner to other market participants.

As part of the transaction, Apollo Funds and SRP will commit new capital to Stream’s existing data center land fund to accelerate site development for 650 MW of near-term power capacity across campuses in metro Chicago, Atlanta and Dallas. A newly formed subsidiary of the Apollo Funds will assume the role of investment manager of the land fund.

The transaction is subject to customary closing conditions and is expected to be completed in 2025.

Goldman Sachs & Co. acted as sole financial advisor to Stream Data Centers, while Akin Gump Strauss Hauer & Feld LLP served as legal counsel. Moelis & Company acted as financial advisor to the Apollo Funds on the transaction, while Latham & Watkins LLP served as legal counsel.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

About Stream Data Centers
Since 1999, Stream Data Centers has set new standards for innovation, operational excellence and sustainability in the data center industry. With over 90% of its inventory leased to Fortune 100 customers, the company has acquired, developed and managed complex data center projects for the world’s most demanding users.

From location strategy and site selection to data center construction and operations, Stream develops wholesale colocation capacity and build-to-suit facilities for hyperscale and enterprise users in major markets across the United States. As the company’s site development affiliate, Headwaters employs a team of hyperscale experts dedicated to building a land bank for the data center industry, helping Stream Data Centers and others uncover low-risk land sites for optimum data center development. Additionally, Stream Data Centers provides energy procurement services with a focus on reducing market risk and providing low-cost renewable energy options. To learn more, please visit www.streamdatacenters.com.
Stream Data Centers is headquartered in Dallas, Texas.

About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1700 professionals and now completes annual transactions valued at more than $10 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X, and Facebook.

Contacts
For Apollo:

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

For Stream Data Centers:

Mary Morgan
Vice President of Marketing & Communications
info@stream-dc.com

For Stream Realty Partners:
Molly McMurtry
Stream Realty Partners
press@streamrealty.com

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Energy Capital Partners (ECP) and KKR announce development of hyperscale data centre campus in Texas

Bridgepoint
  • First investment from $50 billion strategic partnership to deliver integrated digital and power infrastructure at scale
  • Campus co-located with Calpine’s natural gas power plant; representing first-of-its-kind dedicated power agreement with hyperscaler anchor
  • Expected to be operational by the Fourth Quarter of 2026

 

Energy Capital Partners (ECP), one of the largest private owners of power generation and renewables in the US, and KKR, a leading global investment firm, today jointly announced the development of a new 190 MW hyperscale data center campus in Bosque County, Texas – marking the inaugural investment through ECP and KKR’s $50 billion strategic partnership to support AI infrastructure growth in United States.

This project establishes a new model for delivering integrated, AI-ready infrastructure at scale by combining digital capacity and dedicated, around-the-clock power in one of the fastest-growing compute corridors in the nation. The Bosque campus serves as a blueprint for future deployments across the country, aimed at meeting the urgent needs of hyperscalers while supporting local utilities and grid stability as the power received from Calpine will be redirected to support system reliability and help meet local demand in times of grid scarcity.

The campus is being constructed through a joint venture with CyrusOne, a leading global data centre developer and operator, and ECP. The new multiphase data centre campus will encompass more than 700,000 square feet and deliver an initial IT capacity of 144 megawatts. Designed for rapid expansion, the site is expected to represent a total investment approaching $4 billion – positioning it among the most significant AI infrastructure builds in the Dallas–Fort Worth region. The campus will be located on land adjacent to Calpine Corp.’s (Calpine) Thad Hill Energy Center and benefits from reliable natural gas generation. Calpine has secured a long-term contract to supply dedicated power to the data centre campus.

“This first investment through our strategic partnership combines ECP’s power expertise to deliver reliable near-term power with KKR’s strong track record in investing in data center development,” said Tyler Reeder, President of ECP. “With ample capital, a broad existing asset base, and deep sector relationships, our strategic partnership is designed to source and deliver fully integrated, scaled power infrastructure and data center solutions for hyperscalers and other market participants to support their infrastructure needs.”

“The surge in AI demand isn’t just stretching infrastructure – it’s rewriting the blueprint for how it needs to be built,” said Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR. “Hyperscalers need more than capacity; they need certainty, integration, and speed. This project is a reflection of that new reality: bringing together scalable land, power, and compute under a single, coordinated strategy. It is the kind of solution we believe will define the future of infrastructure – and it’s just the beginning of what’s possible when you combine deep operational expertise with long-term industrial vision.”

With a commitment to sustainability, the new CyrusOne campus will feature climate-neutral initiatives, water conservation, biodiversity protection, and capabilities to respond during ERCOT grid emergencies. Construction of the project is underway, and the site is expected to be operational by the fourth quarter of 2026.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Dataciders strengthens its Data & AI center of excellence and expands its technology portfolio through the acquisition of integration-factory

Rivean
  • Enhanced capabilities in data platforms, data governance & master data management
  • Expanded industry focus on financial services, energy, and manufacturing
  • Strategic addition of Informatica and MetaKraftwerk partnerships
  • Fifth add-on acquisition since Rivean Capital’s entry in January 2024

Dortmund/Frankfurt am Main – Dataciders Group, a leading provider of Data & AI solutions in the German-speaking region, has acquired the IT services provider integration-factory, which specializes in data management and artificial intelligence, with headquarters in Frankfurt am Main and an additional location in Leipzig. This marks the group’s fifth add-on acquisition since Rivean Capital’s entry in January 2024.

integration-factory offers end-to-end consulting in the Data & AI space, with a strong focus on data integration, advanced analytics, data governance, and master data management. Its meta-data-based development automation enables clients to realize significant efficiency gains and time savings.
The company focuses on the financial services, energy, and manufacturing sectors. Long-standing clients include DZ Bank, European Energy Exchange, enercity, and Böllhoff Group.

“What unites us with integration-factory is a shared vision: to make the implementation of data management platforms more efficient and agile through automation. This empowers clients to realize significant time and cost savings while responding more swiftly to market dynamics. The partnership with Informatica, a global leader in data management, is a strong strategic fit that further strengthens this approach,” says Dr. Gero Presser, CEO of Dataciders.

“I’m looking forward to opening a new chapter for integration-factory as part of Dataciders. Joining the group unlocks exciting opportunities – for our employees, our clients, and our partners. Our service portfolio is a strong complement to Dataciders’ extensive Data & AI offering. Together, we are creating a powerful platform with significant potential for innovation, growth, and value creation. The speed and efficiency we have built in data platform development can now benefit a broader client base across the group. I’m confident this merger delivers meaningful advantages for all stakeholders – professionally, technologically, and culturally,” says Stefan Sander, founder and CEO of integration-factory.

Buy-and-build strategy by Rivean Capital

“With the acquisition of integration-factory, we are taking the next step in evolving Dataciders into the leading Data & AI platform provider in the DACH region. The market for data-driven solutions is expanding rapidly, driven by megatrends such as digitization, cloud transformation, and generative AI. In this dynamic environment, it is essential to combine cutting-edge technological capabilities with deep industry expertise – and this is precisely where integration-factory stands out, thanks to its distinctive approach and long-standing customer relationships,” says Matthias Wilcken, Senior Partner at Rivean Capital.

About Dataciders
Dataciders is a leading IT services group offering end-to-end Data & AI solutions, primarily serving long-standing enterprise customers incl. DAX40 companies. The group’s end-to-end Data & AI capabilities cover data strategy, enterprise application integration, software engineering, data management, business intelligence and analytics, as well as data science and AI. Headquartered in Dortmund (Germany), Dataciders employs more than 800 FTEs across 11 locations in Germany, Austria, and Bulgaria.

About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage assets of over EUR 5 billion. In addition to Dataciders, Rivean Capital’s investments in Germany include Green Mobility Holding, ]init[, Perbility, Best4Tires, and TonerPartner.

More information: www.riveancapital.com

Press Contact: Ralf Geissler Jahrreiss Communications

E-mail: ralf@jahrreiss.com Phone: +49 89 30 90 52 95 20

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Stonepeak to Invest USD 1.3 Billion in Princeton Digital Group

Stonepeak

With USD 2.5 billion raised this year, PDG positions itself to accelerate scale by organic growth and M&A

Singapore – 17 July 2025 – Princeton Digital Group (PDG), Asia Pacific’s leading data center operator, today announced the signing of a definitive agreement with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The firm will make a preferred equity investment of USD 1.3 billion in PDG to support its continued expansion across Asia Pacific.

This investment follows PDG’s recently announced USD 1.2 billion debt financing. Together, Stonepeak’s investment and the recent debt financing bring the total capital raised by PDG in 2025 to USD 2.5 billion across equity and debt, reinforcing the company’s position as a leading provider of hyperscale infrastructure in Asia.

With a current portfolio of over 1.1 gigawatts across six countries, PDG is one of the region’s largest and fastest-growing data center platforms. With marquee global investors—Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala, and now Stonepeak—PDG is uniquely positioned with long-term backing from some of the world’s most respected capital partners.

Stonepeak’s long-term capital will support the company’s next phase of growth, including both greenfield development and M&A, across both established and emerging Asia Pacific markets. Warburg Pincus will continue to be PDG’s largest shareholder.

“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” said Rangu Salgame, Chairman, CEO and Co-founder of PDG. “Stonepeak shares our deep conviction in the unprecedented growth of AI and cloud across Asia Pacific. With this partnership, PDG is uniquely positioned to scale with speed, continue being the trusted provider to the world’s most demanding hyperscalers, and further consolidate its position as a market leader in the region.”

“PDG has established itself as one of the clear leaders among digital infrastructure platforms in the Asia Pacific region. The company’s track record of execution, top-tier management team, and significant power bank in critical hub markets in APAC positions it well to serve the continued demand from hyperscalers and AI-driven platforms in the region,” said Andrew Thomas, Senior Managing Director at Stonepeak. “This investment is a quality fit for our Asia infrastructure strategy, and we look forward to partnering with PDG’s management team, Warburg Pincus and existing shareholders to propel the company’s next phase of growth.”

Ellen Ng, Co-Head of Asia Real Estate at Warburg Pincus, said, “As a founding investor of PDG we’ve always believed in the founders’ vision and exceptional execution capabilities and supported the company’s evolution into Asia’s preeminent data center platform. This latest investment by Stonepeak is a strong validation of PDG’s market leadership and long-term strategy. As PDG’s largest shareholder, we are excited to welcome a like-minded partner to help propel the company into its next phase of growth, supporting the surging demand for AI and cloud infrastructure across the region.”

PDG is being advised by Goldman Sachs, J.P. Morgan, and Latham & Watkins as legal counsel. Barclays is serving as financial advisor and Sidley Austin LLP is serving as legal counsel to Stonepeak.

About Princeton Digital Group
Princeton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in Singapore, Japan, India, Indonesia, China, and Malaysia, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia. For more information, visit www.princetondg.com or follow us on LinkedIn.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

For more information please contact:

Princeton Digital Group
Selena Sheikh
Selena.sheikh@princetondg.com

Finn Partners for Princeton Digital Group
PDG.ASIA@finnpartners.com

Kate Beers / Maya Brounstein for Stonepeak
corporatecomms@stonepeak.com
+1 (646) 540-5225

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Blackstone to Invest More Than $25 Billion in Pennsylvania’s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment

Blackstone
  • Pennsylvania is uniquely suited to serve as a strategic hub to power America’s AI future
  • Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites
  • Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities
  • Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline

New York – July 15, 2025 – Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (“Blackstone”) will invest over $25 billion to support the build out of Pennsylvania’s digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone’s track record as the leading investor in data centers and power infrastructure.

Commenting on the announcement, Jon Gray, Blackstone’s President and Chief Operating Officer, said: “We’re thrilled to be investing behind two of our highest conviction themes – digital infrastructure and energy – in a part of the country that is ideally situated to support and expand America’s leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth’s digital and energy infrastructure.”

Sean Klimczak, Blackstone’s Global Head of Infrastructure, said: “Pennsylvania is transforming into a strategic hub for AI innovation, and we’re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.”

Nadeem Meghji, Blackstone’s Global Co-Head of Real Estate, said: “This announcement is reflective of Blackstone’s track record of partnering with governments, local communities and customers to create win-win-win outcomes. As the leading global investor in data centers, we are excited to help advance the nation’s digital infrastructure goals.”

Investment Highlights

  • Ready to move. Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers.
  • Strong local partner. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America’s AI and reindustrialized future.
  • Creating local jobs. Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania.
  • Abundant low-cost energy. Pennsylvania is uniquely suited to serve as a strategic hub to power the nation’s AI objectives given its abundant low-cost energy that accounts for 20% of the nation’s natural gas production.
  • PA Fast Track. QTS will work with local, county and commonwealth officials to utilize Pennsylvania’s new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI.
  • Community Partnership. Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania.

Tag Greason, Co-CEO of QTS, said: “Pennsylvania is well positioned for data center growth and has become a market where we’re seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure. We look forward to engaging with communities and leaders across the Commonwealth to position our leading data center platform to support the digital infrastructure needs of Pennsylvania businesses and families.

Construction is expected to commence by year-end 2028 subject to permitting and utility approvals.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Contact
Paula Chirhart
Blackstone Infrastructure
Paula.Chirhart@Blackstone.com
347-463-5453

Jeff Kauth
Blackstone Real Estate
Jeffrey.Kauth@blackstone.com
212-583-5395

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Rehlko Expands Data Center Back-Up Power Offering With Acquisition of The Wilmott Group

Platinum

Acquisition Strengthens Position in Data Centers & Mission-Critical Segments

MILWAUKEE, Wis. – July 10, 2025 – Rehlko, a global leader in energy resilience, announced today it has reached a tentative agreement to acquire The Wilmott Group, a premier supplier of critical back-up power solutions in the United Kingdom. This acquisition establishes Rehlko as one of the leading energy resilience providers in the U.K. and strengthens the company’s position as a global leader in delivering energy solutions critical to sustaining and improving life. The Wilmott Group will operate as part of Rehlko’s Europe, Middle East, and Africa (EMEA) business – a global leader in backup power solutions for the most critical applications.

The Wilmott Group’s comprehensive capabilities in design, testing, installation and service will strengthen and support the acceleration of Rehlko’s core and aftermarket service offerings.  This acquisition will also deliver manufacturing and engineering efficiencies to support the strategic expansion of Rehlko’s data center position across EMEA.

“The addition of WBPS expands Rehlko’s data center capabilities and service offerings across EMEA, enhances vertical integration in enclosure manufacturing, and strengthens relationships with key European customers.”

Jacob Kotzubei, Co-President and Matthew Louie, Managing Director, Platinum Equity

“The Wilmott Group’s dedication to creating long-term value with customers strongly complements Rehlko’s commitment to delivering innovative and reliable energy solutions,” said Brian Melka, President and Chief Executive Officer of Rehlko. “In this new chapter for Rehlko, The Wilmott Group’s long history of success will bolster our data center solutions across the U.K. and the rest of Europe.”

The Willmott Group includes critical power specialist WB Power Services (WBPS) as well as power and industrial acoustic product manufacturer, Wiltech Acoustics.

Backed by Rehlko’s expansive organization, WBPS’ project engineering team will enhance collaboration across data center projects—a key focus of this partnership—while strengthening Rehlko’s position in the data center space across EMEA. Rehlko will also leverage Wiltech’s in-house enclosure manufacturing capabilities to reduce production time and enable greater flexibility in meeting customer needs and market demand.

Rehlko was acquired by Platinum Equity in 2024. Since its establishment as an independent company, Rehlko has continued to provide control, resilience and innovation through a comprehensive range of energy solutions. The Wilmott Group’s 19 locations across the U.K. and support at more than 4,000 critical power plants adeptly enhances Rehlko’s positioning as a reliable partner to data centers and other commercial operations across EMEA.

“The addition of WBPS expands Rehlko’s data center capabilities and service offerings across EMEA, enhances vertical integration in enclosure manufacturing, and strengthens relationships with key European customers,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement. “The acquisition also represents another significant milestone in our commitment to investing in Rehlko’s growth, both organically and through strategic acquisitions. We look forward to partnering with the company to pursue additional opportunities to grow the business across its verticals.”

Andy Wilmott, Co-CEO and Chairman of Wilmott Group, shared “We’re thrilled to be joining forces with the Rehlko team. Combining our shared capabilities will enable us to continue delivering reliable, trusted back-up power solutions to data centers, hospitals, schools, and other critical infrastructure across the United Kingdom, Europe, the Middle East and Africa. Together, we also will realize operational improvements and organizational efficiencies.”

About Rehlko

A global leader in energy resilience, Rehlko delivers innovative energy solutions that sustain and improve life across home energy, industrial energy systems, and powertrain technologies with control, resilience, and innovation. Leveraging the strength of its portfolio of businesses— Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Curtis Instruments, and Engines—and its more than a century of industry leadership, Rehlko provides power where and when the grid cannot. Rehlko goes beyond function and individual recovery to create better lives, communities, and a more durable and energy-resilient future. Learn more at rehlko.com.

About The Wilmott Group

Built on a rich heritage of over 40 years’ experience, The Wilmott Group Ltd brings together WB Power Services (WBPS) and Wiltech Acoustics under one umbrella. Since 1983, family-founded WBPS have delivered critical power solutions, including sales, hire, installation, maintenance, and renewables, across the UK. 2023 witnessed the acquisition of Wiltech Acoustics, specialists in engineered noise control acoustic systems that safeguard people, the environment, and equipment in industrial and power environments. This paved the way for the incorporation of The Wilmott Group and greatly enhanced the businesses industry-leading proposition.

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Stonepeak Launches Montera Infrastructure

Stonepeak

Montera to Develop and Operate Hyperscale Data Centers in North America to Support AI Growth

Experienced Executive Team Backed by $1.5 Billion Equity Commitment from Stonepeak

NEW YORK – April 23, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the launch of Montera Infrastructure (“Montera” or the “Company”), a new, North American hyperscale-focused data center company, with a $1.5 billion equity commitment.

Montera will develop and operate turnkey, build-to-suit data centers to support the rapid growth of cloud computing and AI inferencing workloads for hyperscale customers across North America. The Company will focus on land parcels with a clear path to near-term power in Tier I and Tier II metro areas and plans to construct and operate 100+ megawatt (MW) facilities.

Montera is led by Founder and Chief Executive Officer Eanna Murphy, formerly a data center executive at Yondr and Google. He is joined by a team of founding executives including Chief Technology Officer Craig Pennington (formerly Oracle and Equinix) and Chief Delivery Officer Joe Walsh (formerly Oracle and Equinix). The founding executives collectively bring more than a century of experience in leadership roles at major data center operators and hyperscale customers, as well as strong track records of executing similar strategies.

Eanna Murphy commented, “Montera was born from a simple conviction: the digital future demands infrastructure that is faster, smarter, and built with intent. With a significant capital commitment from Stonepeak and a team of seasoned hyperscale experts, we are well-positioned to lead the next wave of development across North America. Our mission is to deliver strategically located and scalable digital infrastructure that is engineered for rapid deployment and reliability so that our partners can focus on what matters most.”

“Addressing the unprecedented demand growth stemming from AI advancements and cloud computing requires expertise in data center development, power generation and transmission, capital formation and deep relationships with the hyperscalers,” said Andrew Thomas, Senior Managing Director and Head of Digital Infrastructure, Global ex-Europe at Stonepeak. “Eanna and his team have a track record of delivering more than eight gigawatts of data center capacity and have been at the forefront of helping design the infrastructure strategy of hyperscale customers, from model training and tuning to inferencing at scale. We are excited to partner with them and bring to bear the experience and capabilities of Stonepeak’s leading digital and power franchises.”

Montera represents Stonepeak’s fourth North American data center investment and its eighth globally. Today, the firm’s global data center portfolio includes Cologix, CoreSite, Digital Edge, and Cirion and spans 100+ facilities and 500+ MW of capacity, with a pipeline of 400+ MW in development.

About Montera Infrastructure
Founder-led and backed by Stonepeak, Montera is charting the new frontier of digital infrastructure, driven by a future-focused vision: to build and lease space in hyperscale data centers essential for tomorrow’s technology. Our team brings decades of experience in infrastructure development and operations, focusing on accelerating growth and setting new benchmarks for performance and reliability in North America. For more information, please visit www.montera.com.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

Contacts

Montera Infrastructure
press@montera.com 

Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

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KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership to Support AI Growth Through Investments in Data Centers and Power Generation

KKR

Strategic partnership with available capital and scale ready to meet the urgent need to fund data center, power, and grid infrastructure in the U.S. and globally

Scaling of AI and cloud infrastructure in the U.S. expected to cost at least $1 trillion by 2030

NEW YORK & SUMMIT, N.J.–(BUSINESS WIRE)– KKR, a leading global investment firm, and Energy Capital Partners (“ECP”), the largest private owner of power generation and renewables in the U.S., today announced a $50 billion strategic partnership. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally. This strategic partnership combines KKR’s deep expertise in digital infrastructure, power, and the energy value chain with ECP’s premier energy transition platform in electrification and power and renewable generation.

Advancements in AI are fueling an unprecedented demand for data centers, but a limited availability of reliable power is impeding the strategic goals of the world’s largest technology companies, enterprises, and governments looking to deploy AI. U.S. data center demand is projected to nearly triple by 2030, driving over $1 trillion in investment1. A single planned data center campus regularly exceeds 1 gigawatt (GW) of power demand and requires an investment of $15 billion or more across data center and power equipment.

“Data center power demand is expected to grow by 160% by 20302, a demand that will go unmet without the right infrastructure in place, which is critical to boosting productivity, supporting electrification and helping countries create a competitive edge in AI. At the same time, the scaling of this mission-critical infrastructure must be done affordably, reliably, and sustainably, while addressing the needs of all stakeholders – from technology companies to end consumers,” said Joe Bae, Co-Chief Executive Officer, KKR.

“In order for the U.S. to maintain its advantage in AI, we will need massive new investments in power infrastructure on an accelerated basis that are capable of addressing concerns related to electricity prices and carbon emissions,” said Doug Kimmelman, Founder and Senior Partner, ECP. “We are committed to delivering solutions for our strategic partners and our investors through ECP’s strong utility relationships and expertise investing across a wide variety of power generation, renewable, and battery storage assets.”

“Building out AI and power infrastructure will require collaboration across industries. KKR and ECP’s strategic partnership offers a new approach, with immediately available capital and the capabilities needed to deploy that capital to accelerate this effort. With our combined footprint and capabilities, we have a more than 8 GW existing datacenter pipeline, 100 GW of currently operating and development-ready power generation, and significant experience working with stakeholders across both industries to help realize this opportunity quickly and responsibly,” said Waldemar Szlezak, Partner and Global Head of Digital Infrastructure, KKR.

“The ECP and KKR teams have decades of experience working with constituents to bring infrastructure projects to completion on time and on budget,” said Tyler Reeder, Managing Partner, ECP. “This experience, along with ECP’s existing power and renewable asset base, history of decarbonizing existing assets through carbon capture and asset repowering, as well as KKR’s leading digital practice, provide our partners a clear path to delivering much needed computing capacity through a sustainable lens.”

The strategic partnership is designed to deliver scaled data center and power solutions for hyperscalers and other market participants to support their infrastructure needs across geographies to drive model training, tuning, and inferencing at scale. KKR and ECP plan to engage with industry leaders including utilities, power and data center developers, and independent power producers to accelerate the delivery of data center campuses required by hyperscalers.

“To develop a winning solution to support the growth of AI in the U.S., you need world-class capabilities along every step of the value chain – including power generation, transition, and deployment within data centers to serve hyperscalers and other market participants. With KKR and ECP’s industry-leading solutions in data center development, power, renewables, and capital formation, this partnership is bringing to bear the best of the best to accelerate the build out of AI,” said Neil Chatterjee, former FERC Chairman, Senior Advisor to KKR, and Board Member of ECP-owned Convergent Energy.

KKR is funding the strategic partnership from existing infrastructure and real estate strategies and insurance accounts managed by KKR. ECP is funding the strategic partnership from existing and future infrastructure capital pools.

KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world with $77 billion in infrastructure assets under management as of September 30, 2024. To date, KKR has invested more than $29 billion across 22 investments in relevant digital infrastructure companies across data centers and fiber, as well as $15 billion in power, utilities, and energy. KKR’s significant global data center footprint spans four platforms with several GW of deployed assets across over 100 facilities and more under development globally. KKR’s portfolio also includes over 10 renewable energy developers with over 50 GW of global development pipeline.

ECP has owned, controlled, and operated over 83 GW of power generation across all major U.S. power markets, spanning a variety of technologies including natural gas, geothermal, hydro, solar, wind, battery storage, and waste-to-energy since its founding in 2005. The ECP team, comprised of 90 people with 800 years of collective industry experience, deep expertise, and extensive relationships, has completed more than 100 equity transactions (representing nearly $60 billion of enterprise value), the majority of which have been focused on power and renewables. In addition to being the largest private owner of power and renewable generation assets in the U.S. through companies like Calpine, ECP is also the majority owner of an aeroderivative power turbine platform and manufacturer, ProEnergy, which will provide an important link in accelerating the delivery of electricity to data center projects.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Energy Capital Partners

Energy Capital Partners (ECP), founded in 2005, is a leading investment firm across energy transition infrastructure, with a focus on investing in electricity and sustainability infrastructure providing reliable, affordable and clean energy. Earlier this year, ECP combined with Bridgepoint Group to form a global leader in value-add middle-market investing, with a combined $73 billion of assets under management across private equity, credit, and infrastructure. For more information, visit www.ecpgp.com and www.bridgepoint.eu.

1 Goldman Sachs Global Macro Research Report, “Top of Mind,” 25 June 2024.
2 Goldman Sachs Equity Research Report, “AI, data centers and the coming US power demand surge,” 28 April 2024.

KKR
Liidia Liuksila
Media@KKR.com

ECP
FGS Global
Akash Lodh / Nick Rust
ECP@fgsglobal.com

Source: KKR

 

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