Blue Owl Capital is exploring a potential sale of the Asia operations of its portfolio company, data centre platform Stack Infrastructure, in a deal that could exceed $30bn, according to a report by Reuters.
The deliberations remain at an early stage, with the firm said to be assessing options including a full or partial divestment of assets across key Asia-Pacific markets such as Japan, Australia and Malaysia, although no final decision has been made.
Stack has built a regional footprint aligned with surging demand for cloud computing, artificial intelligence and digital services – factors that continue to attract strong investor interest in Asian infrastructure.
The potential transaction comes at a nuanced moment for private markets. Blue Owl recently moved to limit withdrawals from certain funds following elevated redemption requests, reflecting broader liquidity pressures across private credit strategies amid market volatility and investor concerns over valuations.
Against this backdrop, infrastructure assets—particularly data centres—remain one of the more resilient areas of sponsor focus. Investor appetite for digital infrastructure in Asia has accelerated, with capital targeting scalable platforms tied to long-term structural growth themes.
The mooted sale also follows a pickup in deal activity across the sector. Other private equity-backed data centre platforms have recently explored strategic options, including stake sales and potential public listings, underscoring continued portfolio churn as sponsors look to crystallise value.
For private equity, a transaction of this scale would rank among the largest infrastructure exits in the region, while providing a test of buyer appetite for premium digital assets in an evolving fundraising and liquidity environment.
