TOP 250 COMPANIES

Data Centre Leader: Jon Gray Industry: Real Estate / Investment

Blackstone is an alternative asset manager overseeing more than US $ 1tn in assets, and data centres have become one of its highest-conviction positions. Its role is that of owner and financier, supplying capital that allows platforms to scale at speed. The 2021 acquisition of QTS Realty Trust for around US $ 10bn gave it a hyperscale and colocation operator that has since expanded across North America and Europe, while the 2024 purchase of

AirTrunk, alongside CPP Investments, extended its reach across Asia-Pacific in a deal valued above A $ 24bn( US $ 16.1bn). The firm has also moved upstream into power, acquiring gas-fired generation in Virginia and backing new capacity in Pennsylvania to serve rising demand. With a portfolio of data centre assets and a development pipeline running into the tens of billions, Blackstone shapes which operators expand and where new capacity is built.

datacentremagazine. com 109