Aligned Data Centers has raised more than $12 billion in equity and debt funding.
The company this week announced it had completed another round of capital raising totaling more than $5 billion of new primary equity, and more than $7 billion of new debt commitments to fund its ongoing expansion.
The capital raise featured new primary equity from funds managed by Macquarie Asset Management, alongside multiple unnamed large global investors with “significant experience” in digital infrastructure.
Aligned said the funding will accelerate the development of more than 5GW of planned future capacity across the Americas.
“We appreciate the commitment of our esteemed investors as we capitalize on the significant growth opportunities presented by the increasing demand for AI and cloud services,” said Andrew Schaap, CEO of Aligned Data Centers. “This investment will fuel our continued growth, enabling us to deliver cutting-edge solutions that meet the evolving demands of our customers today and in the future.”
Anton Moldan, senior managing director at Macquarie Asset Management, added his firm was "excited" to invest in Aligned. He said: “The partnership and strong demand from some of the world’s leading digital infrastructure and technology investors is a true testament to the Aligned team’s track record of successful delivery, customer-centric culture, innovation, and growth.
"With the underlying trends of digitization, cloud adoption, and evolving needs of high-performance compute and AI applications, we see significant opportunity to provide Aligned’s customers with world-leading data center solutions.”
Aligned currently operates campuses in Chicago, Illinois; Dallas, Texas; Phoenix, Arizona; Salt Lake City, Utah; and Northern Virginia. The company has further sites in development in Maryland. Ohio, Illinois, and Virginia.
Outside of the US, Aligned acquired LATAM-based OData in May 2023 and has a footprint in Brazil, Chile, Columbia, and Mexico. It has also invested in Canadian firm QScale.
Prior to this latest raise, Macquarie Asset Management was already the largest shareholder in Aligned. Macquarie first invested in Aligned in 2018, joining BlueMountain Capital Management.
Abu Dhabi’s sovereign investment arm, the Mubadala Investment Company, took a minority stake in Aligned in 2023, while investment firm CenterSquare Investment Management (not to be confused with Brookfield-owned data center operator Centersquare) invested in Aligned last year.
Beyond Aligned, Macquarie Asset Management, part of Macquarie Group, has invested in multiple data center companies.
It jointly owned APAC operator AirTrunk until it was sold to Blackstone and CPP last year, owns a minority stake in UK operator Virtus, and has invested in data centers in South Korea and NTT’s European and North American facilities. Earlier this week it invested an initial $900 million – potentially rising to $5 billion – in Applied Digital’s upcoming AI data center campus in North Dakota.