Aligned Data Centers

Data Centers · AI Infrastructure · Private Equity

Acquisition

AIP, MGX and BlackRock's GIP complete $40B Aligned Data Centers buyout

Sovereign wealth and infrastructure funds are now buying entire data center platforms outright, not just financing individual campuses.

• AIP, MGX and BlackRock's GIP acquired 100% of the equity in Aligned Data Centers from private infrastructure funds managed by Macquarie Asset Management, closing at Aligned's enterprise value of roughly $40 billion.
• Aligned operates 51 data center campuses with more than 6.4GW of operational and planned capacity across US hubs like Northern Virginia, Dallas and Phoenix plus Latin American markets, and is known for patented cooling technology that cuts water use.
• CEO Andrew Schaap and the existing management team stay in place, and Aligned remains headquartered in Dallas, Texas, preserving operational continuity through the ownership change.
• At roughly $40 billion, the deal ranks as one of the largest private investments ever made in digital infrastructure, dwarfing prior mega-deals like Blackstone's $7 billion joint venture with Digital Realty.
• The purchase exemplifies a shift among sovereign wealth funds and infrastructure investors from single-asset financing toward taking direct platform-level stakes in data center operators to secure AI compute capacity at scale.
• A deal of this size shows AI infrastructure financing has moved beyond project-level real estate deals into full corporate ownership by capital-rich consortiums, concentrating control over future compute supply.