From Yahoo Finance: 2025-05-28 14:28:00

Blue Owl Capital Inc., Chirisa Technology Parks, and PowerHouse Data Centers complete a $750 million transaction in their $5 billion joint venture for AI/HPC data center development. The partnership focuses on establishing turnkey AI infrastructure to support CoreWeave and other hyperscale and enterprise customers.

Development is underway on a 350-acre campus in Chesterfield, VA, featuring cutting-edge design standards tailored for dense GPU clusters and advanced computing technologies. The campus integrates CTP’s efficient ‘direct-on-chip’ liquid cooling design, enhancing energy efficiency for large-scale AI customers.

Marc Zahr, Global Head of Real Assets at Blue Owl, views the recent investment as a pivotal milestone in their strategic partnership. The partnership aims to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave, despite facing investment risks and an extended project timeline stretching into 2026.

Chirisa Technology Parks (CTP) specializes in AI/HPC data center deployments with significant built capacity and pipeline development. PowerHouse Data Centers, owned by American Real Estate Partners, leads next-gen hyperscale development across major U.S. markets, expanding rapidly.

Blue Owl Capital Inc. (NYSE:OWL) is an American alternative investment management firm offering flexible, long-term capital solutions through various platforms. The company partners with institutional investors, financial advisors, and alternative asset managers, providing tailored financing for mid-market companies and borrowers.

Read more: Blue Owl Invests Additional $750M in AI Data Center Joint Venture