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Laxman Pai, Opalesque Asia:

Alternative investment manager Blue Owl Capital closed its Blue Owl Digital Infrastructure Fund III (ODI III) with $7 billion in total capital commitments, surpassing its original $4 billion target and reaching its hard cap.

ODI III, one of the largest data center-focused funds in the industry, will target data center development and connectivity-related real assets designed to support the infrastructure needs of major technology companies, with a focus on large-scale, build-to-suit developments.

According to a media release from the American alternative investment asset management company, Blue Owl Digital Infrastructure Fund III seeks to support the global capital demands of hyperscalers, fueled by ongoing investments in data centers and artificial intelligence.

Marc Zahr, Co-President and Global Head of Real Assets at Blue Owl, said, "Massive capital commitments are required to fund the underlying infrastructure needed to support the world's leading technology companies. We thank our investors for their commitments and believe ODI III is well-positioned given the favorable tailwinds driving the digital infrastructure sector forward."

Commitments to ODI III were secured from a broad mix of existing and new institutional investors, including public and private pensions, insurance companies, sovereign wealth funds, asset managers, endowments and foundations, and family offices in the United States and across Europe, APAC,......................

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