BlackRock-backed AIP among bidders for Stack’s $30B Asia data centers

BlackRock-Backed AIP and KKR Among Suitors for Stack Infrastructure’s Asia-Pacific Data Centers

The Artificial Intelligence Infrastructure Partnership, a consortium backed by BlackRock, and KKR are among a growing list of parties interested in acquiring Stack Infrastructure’s Asia-Pacific data center portfolio, Bloomberg reported on Tuesday, as the race for AI-ready computing capacity in the region intensifies.

A Crowded Field of Bidders

Brookfield Asset Management, IFM Investors, and DigitalBridge Group — which is in the process of being acquired by SoftBank Group — are also among the potential suitors, according to people familiar with the matter. Stack has been gauging interest and is preparing to begin a formal sale process as soon as July, the sources said.businesstimes

The assets, which span data centers in Tokyo, Osaka, Melbourne, Sydney, and Johor Bahru in Malaysia, could fetch more than $30 billion, according to earlier Bloomberg reporting. Blue Owl Capital, which acquired Stack last year, has hired Morgan Stanley and Deutsche Bank to advise on the sale.reuters

AIP’s AI Infrastructure Ambitions

AIP was founded by BlackRock’s Global Infrastructure Partners, Microsoft, and Mubadala Investment’s MGX, with additional backing from Nvidia, the Kuwait Investment Authority, and Temasek. The group’s mandate is to invest in and expand AI infrastructure, and its inaugural deal was a $40 billion acquisition of Aligned Data Centers announced in October.businesstimes

Asia’s Data Center Boom Drives Dealmaking

The number of prospective buyers underscores how data centers have moved to the forefront of dealmaking across the Asia-Pacific region. Hyperscale cloud providers have committed hundreds of billions of dollars in capital expenditure for 2026, driving historic valuation growth for data center assets in Asia. Considerations remain preliminary and no final decision has been made, with other bidders potentially still emerging.youtube