Blackstone Reportedly Acquires 49% Stake in Data Center Developer Rowan
April 7, 2026
In a move underscoring the intense investor appetite for digital infrastructure assets, private equity titan Blackstone has reportedly acquired a significant minority stake in Rowan Digital Infrastructure. The deal highlights the strategic importance of data center platforms capable of supporting the exponential growth driven by artificial intelligence and cloud computing.
According to a report from The Information, Blackstone has taken a 49 percent stake in the data center developer. Neither Blackstone nor Rowan has publicly commented on or confirmed the transaction. The reported investment follows rumors from late last month that Blackstone was seeking to acquire at least a portion of Rowan in a deal valuing the company at approximately $10 billion, including debt. The Information's latest report, however, suggests an equity valuation for Rowan of around $3.8 billion.
Rowan, originally known as Rowan Green Data, was established in 2021 by infrastructure investors Quinbrook Infrastructure Partners and Birch Infrastructure. The company is actively developing data center campuses in key U.S. markets, including Maryland and Oregon, with additional sites in Texas near Temple and San Antonio. Its investor base includes the University Pension Plan Ontario. The Information first noted in December that Rowan was evaluating strategic options, having held talks with entities such as Wren House Infrastructure, an arm of the Kuwait Investment Authority, and investment firm Sixth Street.
This investment represents another major commitment by Blackstone to the data center sector, as the firm aims to position itself as a leading investor in AI infrastructure. Blackstone's recent portfolio expansion includes the landmark $10 billion acquisition of QTS Data Centers in 2021 and the $16.1 billion purchase of Asia-Pacific operator AirTrunk in 2025, the latter in partnership with the Canada Pension Plan Investment Board. The firm has also taken stakes in various other digital infrastructure companies, including Vnet, Lumina CloudInfra, and Winthrop Technologies, and has engaged in joint ventures with established players like Digital Realty.
The potential involvement of a financial heavyweight like Blackstone could provide Rowan with substantial capital to accelerate its development pipeline, enhancing competition in the North American data center market where capacity remains in high demand.
Source: datacenterdynamics
