Data Centres

AIP, MGX and BlackRock’s GIP complete $40bn acquisition of Aligned Data Centers

21 July 2026
2 minutes
A consortium comprising the Artificial Intelligence Infrastructure Partnership (AIP), MGX and BlackRock's Global Infrastructure Partners (GIP) has closed its acquisition of 100% of the equity in Aligned Data Centers, in a deal that values the company at approximately $40 billion.

The transaction, completed from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners, ranks among the largest private investments made to date in digital infrastructure.

Aligned operates 51 campuses globally, with more than 6.4GW of operational and planned capacity. Its facilities are concentrated in Tier I digital gateway regions including Northern Virginia, Chicago, Dallas, Ohio, Phoenix and Salt Lake City, alongside São Paulo, Querétaro and Santiago. The company is known for patented cooling technologies designed to reduce water usage and improve energy efficiency at its sites.

Aligned chief executive Andrew Schaap and the existing management team will continue to lead the company, which remains headquartered in Dallas, Texas.

The deal marks AIP’s first investment since the partnership was established to mobilise long-term capital for next-generation AI infrastructure. It represents a step toward AIP’s initial target of deploying $30 billion in equity capital, with capacity to support up to $100 billion in total investment including debt. The consortium has also committed a further $5 billion in growth capital to fund Aligned’s continued expansion.

Under the new ownership structure, Aligned said it would continue expanding its footprint, investing in local workforce development and grid resilience, and developing what it described as sustainable, next-generation digital infrastructure to meet high-density AI demand.

GIP manages more than $200 billion in assets under management across energy, transport, digital infrastructure, and water and waste management sectors, according to the companies.

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