{"entity":{"id":"blackstone","slug":"blackstone","name":"Blackstone","kind":"investment_manager","summary":"Manager of funds investing in data-center operators and credit.","description":"The linked records distinguish acquisitions by managed funds from participation in a corporate debt facility. Blackstone is not BlackRock.","countryCodes":["US"],"region":"North America","theme":"capital","sourceIds":["cp-src-airtrunk-agreement","cp-src-qts-acquisition","cp-src-coreweave-debt"],"origin":"global","reviewedAt":"2026-09-28"},"connections":[{"id":"cp-blackstone-airtrunk","sourceId":"blackstone","targetId":"airtrunk","label":"Funds led acquisition","description":"Blackstone-managed funds led the consortium whose acquisition closed in December 2024.","kind":"fund_managed_acquisition","status":"documented","sourceIds":["cp-src-airtrunk-completion","cp-src-airtrunk-agreement"],"recordIds":["cp-fin-airtrunk"],"date":"2024-12-23","theme":"capital"},{"id":"cp-blackstone-qts","sourceId":"blackstone","targetId":"qts","label":"Funds completed acquisition","description":"Affiliated infrastructure and real-estate vehicles completed the 2021 acquisition, including debt.","kind":"fund_managed_acquisition","status":"documented","sourceIds":["cp-src-qts-acquisition"],"recordIds":["cp-fin-qts"],"date":"2021-08-31","theme":"capital"},{"id":"cp-blackstone-coreweave","sourceId":"blackstone","targetId":"coreweave","label":"Co-led 2023 debt facility","description":"The operator names Blackstone as a financing lead; the facility amount is not an equity stake.","kind":"corporate_credit_facility","status":"documented","sourceIds":["cp-src-coreweave-debt"],"recordIds":["cp-fin-coreweave-debt"],"date":"2023-08-03","theme":"capital"}],"finance":[{"id":"cp-fin-airtrunk","title":"AirTrunk consortium acquisition: enterprise-value basis","sourceId":null,"targetId":"airtrunk","amount":"24000000000","amountLabel":"Over AUD 24 billion implied enterprise value","currency":"AUD","valueKind":"acquisition_enterprise_value_lower_bound","date":"2024-09-04","period":"Agreement September 2024; completion December 2024","status":"documented","sourceIds":["cp-src-airtrunk-agreement","cp-src-airtrunk-completion"],"countryCodes":["US","CA","AU"],"note":"Consortium-wide implied enterprise value includes committed-project capital expenditure. It is neither one investor’s payment nor annual operating expenditure. The completion source subsequently describes the deal as A$24 billion.","origin":"global"},{"id":"cp-fin-qts","title":"QTS acquisition by Blackstone-affiliated funds","sourceId":"blackstone","targetId":"qts","amount":"10000000000","amountLabel":"Approximately USD 10 billion, including debt","currency":"USD","valueKind":"acquisition_value_including_debt","date":"2021-08-31","period":"Completed acquisition in 2021","status":"documented","sourceIds":["cp-src-qts-acquisition"],"countryCodes":["US"],"note":"Historical transaction price including debt, not a fresh construction allocation or present asset valuation.","origin":"global"},{"id":"cp-fin-coreweave-debt","title":"CoreWeave: 2023 syndicated debt facility","sourceId":null,"targetId":"coreweave","amount":"2300000000","amountLabel":"USD 2.3 billion debt facility","currency":"USD","valueKind":"corporate_credit_facility","date":"2023-08-03","period":"Historical facility announced August 2023","status":"documented","sourceIds":["cp-src-coreweave-debt"],"countryCodes":["US"],"note":"Full facility co-led by Blackstone and Magnetar with other participants. No lender-specific amount or current outstanding balance is supplied.","origin":"global"}],"sources":[{"id":"cp-src-airtrunk-agreement","title":"AirTrunk acquisition agreement and valuation basis","url":"https://www.blackstone.com/news/press/blackstone-announces-agreement-to-acquire-airtrunk-in-a-a24b-transaction/","publisher":"Blackstone","publishedAt":"2024-09-04","accessedAt":"2026-09-28","kind":"primary","note":"Company announcement. Enterprise value includes capital expenditure for committed projects; it is not cash invested by one consortium member."},{"id":"cp-src-airtrunk-completion","title":"Completion of AirTrunk acquisition","url":"https://airtrunk.com/completion-of-airtrunk-acquisition-by-blackstone-marking-new-era-of-growth/","publisher":"AirTrunk","publishedAt":"2024-12-23","accessedAt":"2026-09-28","kind":"primary","note":"Operator announcement confirms completion by Blackstone-led consortium including CPP Investments."},{"id":"cp-src-qts-acquisition","title":"Blackstone funds complete QTS acquisition","url":"https://www.blackstone.com/news/press/blackstone-funds-complete-acquisition-of-qts-realty-trust/","publisher":"Blackstone","publishedAt":"2021-08-31","accessedAt":"2026-09-28","kind":"primary","note":"Transaction value includes debt; historical completed acquisition, not annual capital expenditure."},{"id":"cp-src-vantage-equity","title":"Vantage completes USD 9.2 billion equity investment","url":"https://vantage-dc.com/news/vantage-data-centers-completes-9-2-billion-equity-investment-led-by-digitalbridge-and-silver-lake/","publisher":"Vantage Data Centers","publishedAt":"2024-06-13","accessedAt":"2026-09-28","kind":"primary","note":"Full multi-investor round; investor-by-investor amounts are not disclosed here. Prior AustralianSuper investment is separate."},{"id":"cp-src-crusoe-jv","title":"Abilene joint venture expands to USD 15 billion","url":"https://www.crusoe.ai/resources/newsroom/crusoe-blue-owl-capital-and-primary-digital-infrastructure-enter-joint-venture","publisher":"Crusoe","publishedAt":"2025-05-21","accessedAt":"2026-09-28","kind":"primary","note":"Joint-venture funding envelope covering the expanded campus, not each sponsor’s contribution or verified spending."},{"id":"cp-src-coreweave-debt","title":"CoreWeave announces USD 2.3 billion debt facility","url":"https://www.coreweave.com/blog/coreweave-secures-2-3-billion-debt-financing-magnetar-capital-blackstone","publisher":"CoreWeave","publishedAt":"2023-08-03","accessedAt":"2026-09-28","kind":"primary","note":"Named lending leads and participants. This historical debt facility is not equity ownership or a current debt-balance estimate."}],"neighbors":[{"id":"blackstone","slug":"blackstone","name":"Blackstone","kind":"investment_manager"},{"id":"airtrunk","slug":"airtrunk","name":"AirTrunk","kind":"data_center_operator"},{"id":"qts","slug":"qts","name":"QTS Data Centers","kind":"data_center_operator"},{"id":"coreweave","slug":"coreweave","name":"CoreWeave","kind":"cloud_operator"}],"gaps":[{"id":"cp-gap-investor-allocations","title":"Who supplies the capital behind each investment vehicle?","description":"The mapped rounds name leads or sponsors but usually do not disclose investor allocations, limited partners, drawdowns or project-level beneficial ownership.","entityIds":["blackstone","digitalbridge","crusoe","blue-owl-capital"],"sourceIds":["cp-src-vantage-equity","cp-src-crusoe-jv","cp-src-coreweave-debt"],"nextStep":"Request vehicle-level filings, ownership schedules and debt drawdown records; do not allocate a whole round to every named participant."}],"snapshotDate":"2026-09-28"}