Synopsis
Stack Infrastructure, owned by Blue Owl Capital, is exploring options including a sale of its Asia operations. The deal could be valued at over $30 billion. This comes as Blue Owl faces investor withdrawal limits. Global investors are actively investing in Asia's data center sector, driven by demand for cloud computing and AI services.Listen to this article in summarized format
Reuters could not immediately verify the report. Stack and Blue Owl did not immediately respond to a request for comment outside of business hours.
The potential sale comes after Blue Owl told investors in April that it was limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first quarter.
Private credit firms came under stress during a recent market downturn, with some investors retreating from these investments due to worries about valuations and lending standards following a handful of high-profile bankruptcies.
On the other hand, global investors have been pouring money into Asia's booming data center sector, driven by demand for cloud computing, artificial intelligence and digital services.
In April, Reuters reported that Bain Capital was seeking to sell at least 40% of Bridge Data Centres in a deal valuing it at $5 billion. AirTrunk also hired banks for a potential data centre REIT listing in Singapore that could raise more than $1 billion later this year.
Denver-based Stack has a network of data centres across key locations in the Asia-Pacific region including Tokyo, according to its website.
The company has been speaking with prospective advisers about a partial or full sale of its assets in Australia, Japan and Malaysia, the Bloomberg report said.
While other infrastructure-focused funds and industry players might be interested in the business, the considerations are preliminary and no final decisions have been made, the report added.
