BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition


FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo

July 21 (Reuters) - A ⁠consortium backed by BlackRock and Abu ⁠Dhabi-based fund MGX said on Tuesday ‌it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion ​acquisition of one of ⁠the world's biggest data ⁠center operators.

The investor group agreed last year ⁠to ‌buy Aligned from Australian asset manager Macquarie Asset Management, as it ⁠seeks to secure computing capacity for ​AI.

Founded in ‌2013, the Texas-based company builds and operates ⁠data ​centers for hyperscalers and cloud computing companies. It has 51 data center campuses and ⁠more than 6.4 gigawatts of ​operational and planned capacity globally.

Andrew Schaap, chief executive of Aligned Data Centers since 2017, will ⁠continue to lead the company.

The group aims to deploy $30 billion of equity capital initially, with the potential of reaching $100 billion, ​including debt.

The acquisition adds ⁠to a wave of investment in digital infrastructure ​as companies expand computing ‌capacity for AI tools ​such as ChatGPT.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim ZAhid)

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