Blue Owl Closes $7B Digital Infrastructure Fund 

Blue Owl Capital Inc. has announced the final close of its latest digital infrastructure fund, Blue Owl Digital Infrastructure Fund III (ODI III), securing $7 billion in total capital commitments—exceeding its original $4 billion target and reaching its hard cap. 

ODI III is designed to develop, acquire, and own data centers and connectivity-related real assets, with a specific focus on large-scale, build-to-suit developments. The fund will support the expansion of digital infrastructure, addressing the growing needs of technology companies and hyperscalers. 

Marc Zahr, Co-President and Global Head of Real Assets at Blue Owl, emphasized the magnitude of the investment opportunity, stating, “We continue to see a generational market opportunity in data centers and digital infrastructure more broadly. Massive capital commitments are required to fund the underlying infrastructure needed to support the world’s leading technology companies.” 

Matt A’Hearn, Head of Blue Owl Digital Infrastructure, added, “Size is critical in partnering with hyperscalers, and we are incredibly excited to close one of the largest data center-focused funds in the industry.” 

Investor commitments to ODI III came from a broad mix of institutional investors, including public and private pensions, insurance companies, sovereign wealth funds, asset managers, endowments, foundations, and family offices spanning the U.S., Europe, APAC, and the Middle East. 

Blue Owl’s Digital Infrastructure strategy operates within its Real Assets platform, managing global real estate and digital infrastructure investments. As of April 30, 2025, the firm has raised $34 billion in capital, investing in over 90 facilities across more than 25 global markets.