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North America / investment_manager / reviewed 2026-09-28

Blackstone

Manager of funds investing in data-center operators and credit.

The linked records distinguish acquisitions by managed funds from participation in a corporate debt facility. Blackstone is not BlackRock.

Follow a relationship.

Direction records the stated relationship. A path through this web does not establish intent, causation or control beyond its individual records.

documented

Funds led acquisition

Blackstone → AirTrunk

Blackstone-managed funds led the consortium whose acquisition closed in December 2024.

2024-12-23 · fund managed acquisition

documented

Funds completed acquisition

Blackstone → QTS Data Centers

Affiliated infrastructure and real-estate vehicles completed the 2021 acquisition, including debt.

2021-08-31 · fund managed acquisition

documented

Co-led 2023 debt facility

Blackstone → CoreWeave

The operator names Blackstone as a financing lead; the facility amount is not an equity stake.

2023-08-03 · corporate credit facility

Read the ledger.

acquisition enterprise value lower bound

Over AUD 24 billion implied enterprise value

AirTrunk consortium acquisition: enterprise-value basis

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.

2024-09-04 · Agreement September 2024; completion December 2024 · documented

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acquisition value including debt

Approximately USD 10 billion, including debt

QTS acquisition by Blackstone-affiliated funds

Historical transaction price including debt, not a fresh construction allocation or present asset valuation.

2021-08-31 · Completed acquisition in 2021 · documented

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corporate credit facility

USD 2.3 billion debt facility

CoreWeave: 2023 syndicated debt facility

Full facility co-led by Blackstone and Magnetar with other participants. No lender-specific amount or current outstanding balance is supplied.

2023-08-03 · Historical facility announced August 2023 · documented

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What remains unresolved.

Who supplies the capital behind each investment vehicle?

The mapped rounds name leads or sponsors but usually do not disclose investor allocations, limited partners, drawdowns or project-level beneficial ownership.

Next research step: Request vehicle-level filings, ownership schedules and debt drawdown records; do not allocate a whole round to every named participant.

Sources in this record.

  1. AirTrunk acquisition agreement and valuation basisBlackstone · 2024-09-04 · source access 2026-09-28

    Company announcement. Enterprise value includes capital expenditure for committed projects; it is not cash invested by one consortium member.

  2. Completion of AirTrunk acquisitionAirTrunk · 2024-12-23 · source access 2026-09-28

    Operator announcement confirms completion by Blackstone-led consortium including CPP Investments.

  3. Blackstone funds complete QTS acquisitionBlackstone · 2021-08-31 · source access 2026-09-28

    Transaction value includes debt; historical completed acquisition, not annual capital expenditure.

  4. Vantage completes USD 9.2 billion equity investmentVantage Data Centers · 2024-06-13 · source access 2026-09-28

    Full multi-investor round; investor-by-investor amounts are not disclosed here. Prior AustralianSuper investment is separate.

  5. Abilene joint venture expands to USD 15 billionCrusoe · 2025-05-21 · source access 2026-09-28

    Joint-venture funding envelope covering the expanded campus, not each sponsor’s contribution or verified spending.

  6. CoreWeave announces USD 2.3 billion debt facilityCoreWeave · 2023-08-03 · source access 2026-09-28

    Named lending leads and participants. This historical debt facility is not equity ownership or a current debt-balance estimate.