Apollo Funds to Acquire Majority Stake in Stream Data Centers, Forming a Scaled Digital Infrastructure Leader

Core Insights - Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers, positioning SDC to execute a multi-gigawatt development pipeline and deploy billions into U.S. infrastructure [1][2][3] - Stream Data Centers has delivered over 20 campuses and controls over 4 gigawatts of long-term powered land, with plans to scale development to meet demand from hyperscale cloud and AI providers [2][3] - Apollo estimates that data centers will require several trillion dollars of global investment over the next decade, with approximately $38 billion already deployed into next-generation infrastructure investments since 2022 [3] Company Overview - Stream Data Centers builds, leases, manages, and operates hyperscale data center campuses, with over 90% of its inventory leased to Fortune 100 customers [2][8] - The company has a robust near-term pipeline and aims to accelerate site development for 650 MW of near-term power capacity across campuses in metro Chicago, Atlanta, and Dallas [4] - Stream Data Centers has established a strong operational model based on collaborative customer relationships and is focused on delivering exceptional data center experiences [3][8] Investment and Growth Strategy - Apollo Funds and Stream Realty Partners will commit new capital to accelerate the development of Stream's existing data center land fund [4] - The transaction is expected to be completed in 2025 and will enhance SDC's ability to meet the accelerating demand for data center solutions [4] - Apollo's investment strategy includes significant scaling in renewable energy, digital platforms, and compute capacity, leveraging SDC as a key operating platform [3]