Blackstone Credit & Insurance has increased its senior secured debt facility for Aligned Data Centers to more than $1bn, as institutional capital continues to flow into the data infrastructure powering AI growth, according to a report by Bloomberg.
The upsized facility will support Aligned’s expansion across the Americas, where the Dallas-based operator is targeting an additional 5GW of data center capacity. Blackstone initially committed $600m in March 2024 to finance an 80MW development in the Salt Lake City region.
Aligned has now raised over $7bn in debt and more than $5bn in equity, backed by investors including Macquarie Asset Management.
The transaction underscores the growing role of private credit in funding digital infrastructure, particularly as demand surges for AI-capable data centers. Beyond traditional real estate lending, private lenders are increasingly deploying capital via structured debt and private investment-grade issuance.
The trend is gaining momentum at scale: Meta Platforms recently tapped Pacific Investment Management and Blue Owl Capital to lead a $29bn financing package for its US data centre expansion.
