The acquisition enhances Apollo’s exposure to a high-growth segment driven by accelerating demand from hyperscale cloud and AI providers. SDC’s existing customer base includes more than 90% of Fortune 100 companies, underscoring strong lease-up fundamentals and long-term revenue visibility. Apollo estimates that the combined platform will unlock operational efficiencies and provide a scalable pipeline to support over 4 gigawatts of powered land, positioning investors to benefit from stable, long-duration cash flows and a secular digital infrastructure growth trend. Stream Data Centers controls over 4 gigawatts of long-term powered land and has delivered more than 20 hyperscale data center campuses to date. With Apollo’s backing, SDC is positioned to accelerate its multi-gigawatt development pipeline across major U.S. markets including Chicago, Atlanta and Dallas. As part of the transaction, Apollo and SRP will commit new capital to SDC’s existing land fund to advance site development for 650 megawatts of near-term power capacity. A newly formed Apollo subsidiary will assume investment manager duties for the land fund, enhancing execution speed for hyperscale cloud and AI customers. Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners, marking Apollo’s largest digital infrastructure transaction to date. Under the deal, SDC’s management team will retain a minority stake and continue to lead operations. The acquisition is expected to close in 2025, subject to customary regulatory and closing conditions. Financial advisors on the transaction included Goldman Sachs & Co. for SDC and Moelis & Company for Apollo Funds, with legal counsel provided by Akin Gump Strauss Hauer & Feld LLP and Latham & Watkins LLP respectively. Since 2022, Apollo-managed funds have invested approximately $38 billion in next-generation infrastructure, encompassing renewable energy, digital platforms and compute capacity. The firm projects that global data center build-out will require several trillion dollars of investment over the next decade. Through the SDC partnership, Apollo Funds and affiliates have the potential to deploy billions more into digital infrastructure, leveraging Apollo’s capital structuring capabilities to drive recurring origination across its ecosystem. This transaction aligns with Apollo’s strategy to scale investments in power, facilities and semiconductor-related projects.
The acquisition enhances Apollo’s exposure to a high-growth segment driven by accelerating demand from hyperscale cloud and AI providers. SDC’s existing customer base includes more than 90% of Fortune 100 companies, underscoring strong lease-up fundamentals and long-term revenue visibility. Apollo estimates that the combined platform will unlock operational efficiencies and provide a scalable pipeline to support over 4 gigawatts of powered land, positioning investors to benefit from stable, long-duration cash flows and a secular digital infrastructure growth trend. Stream Data Centers controls over 4 gigawatts of long-term powered land and has delivered more than 20 hyperscale data center campuses to date. With Apollo’s backing, SDC is positioned to accelerate its multi-gigawatt development pipeline across major U.S. markets including Chicago, Atlanta and Dallas. As part of the transaction, Apollo and SRP will commit new capital to SDC’s existing land fund to advance site development for 650 megawatts of near-term power capacity. A newly formed Apollo subsidiary will assume investment manager duties for the land fund, enhancing execution speed for hyperscale cloud and AI customers. Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners, marking Apollo’s largest digital infrastructure transaction to date. Under the deal, SDC’s management team will retain a minority stake and continue to lead operations. The acquisition is expected to close in 2025, subject to customary regulatory and closing conditions. Financial advisors on the transaction included Goldman Sachs & Co. for SDC and Moelis & Company for Apollo Funds, with legal counsel provided by Akin Gump Strauss Hauer & Feld LLP and Latham & Watkins LLP respectively. Since 2022, Apollo-managed funds have invested approximately $38 billion in next-generation infrastructure, encompassing renewable energy, digital platforms and compute capacity. The firm projects that global data center build-out will require several trillion dollars of investment over the next decade. Through the SDC partnership, Apollo Funds and affiliates have the potential to deploy billions more into digital infrastructure, leveraging Apollo’s capital structuring capabilities to drive recurring origination across its ecosystem. This transaction aligns with Apollo’s strategy to scale investments in power, facilities and semiconductor-related projects.