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Blackstone is set to launch a publicly traded acquisition company focused on established data centers, seeking tens of billions in initial investments from sovereign wealth funds and other institutions. The company will invest only in operational leased data centers and will not acquire assets from other Blackstone funds.

Regulatory approval is pending, with plans to launch this year. Blackstone's recent activities include a $3 billion project with Saudi Arabia's Humain for data centers and acquiring QTS Realty Trust for $10 billion. Data center construction capacity declined in 2025, marking the first drop since 2020, influenced by power supply issues and local opposition.