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BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
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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.
Founded in 2013, the Texas-based company builds and operates data centers for hyperscalers and cloud computing companies.
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.