Blue Owl Raises $1.7 Billion for Data Center Fund

Blue Owl Capital has raised $1.7 billion for its Blue Owl Digital Infrastructure Trust, a non-traded real estate investment trust dedicated to data centers. The fund has acquired interests in 11 data centers across the US, mostly leased to investment-grade and hyperscale customers. This is part of Blue Owl's aggressive push into the data center market, which includes providing over $50 billion in financing for Meta Platforms and Oracle Corp. The firm's pipeline for digital infrastructure is over $100 billion.