SAVRN Research · Capital Atlas · Private equity and infrastructure
Ares Management Data Center Capex and Sites
Ares reported AUM over $595 billion as of September 30, 2025, with dedicated infrastructure AUM of $26.3 billion as of March 31, 2026. Its data center activity spans a US$2.4 billion debt facility for Vantage Data Centers, participation in a EUR 750 million Vantage EMEA financing, and through Ada Infrastructure the acquisition of two Leesburg, Northern Virginia data centers totalling 165MW plus a 314-acre Spotsylvania, Virginia site. Outside North America it closed an inaugural US$2.4 billion Japan data center development fund.
Ares Management
Private equity and infrastructure
Financing regimeprivate credit facilities plus real-asset equity via Ada Infrastructure
Named sites
2
Site-level commitments the atlas ties to Ares Management
Disclosed site capital
n.a.
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
165 MW
Sum of named sites with a stated megawatt figure
Financing transactions
8
Transactions naming Ares Management or tied to one of its sites
Spending
Reported and guided spending
Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.
| Period | Kind | Amount | As stated | Sources |
|---|---|---|---|---|
| 9/30/2025 | aum | ≥$595B | AUM over $595 billion; approximately $428 billion total AUM as of March 31, 2024 |
|
| 3/31/2026 | aum | $26.3B | dedicated infrastructure AUM of $26.3 billion |
Named sites
Where Ares Management builds
Financing
Financing transactions
Transactions that name Ares Management as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
Ares + Vantage Data Centers Ares provided the facility to Vantage, whose platform spans 17 campuses and 4GW+ of IT load. |
debt facility | $2.4B | n.a. | n.a. | |
Ares + CPP Investments Ares closed the fund outside North America. |
equity raise | $2.4B | n.a. | n.a. | |
CPP Investments + Ares Management CPPIB committed $1.3 billion to Ares' US$2.4 billion Japan data center fund. |
platform | $1.3B | n.a. in source | n.a. | |
Amazon + X-energy + Citadel + Ares Management + NGP + University of Michigan Amazon's Climate Pledge Fund led an approximately $500 million Series C-1 round in SMR developer X-energy, alongside Citadel founder Ken Griffin, affiliates of Ares Management, NGP and the University of Michigan. Amazon and X-energy stated a target of bringing more than 5 GW of new power projects online across the United States by 2039. |
equity raise | ~$500M | Announced 16 October 2024 | n.a. | |
Ares Secondaries funds + Sabey Data Center Properties + Sabey Corporation + National Real Estate Advisors + Evercore + Citizens Capital Markets & Advisory Ares Secondaries funds made a minority equity investment in Sabey Data Center Properties, jointly owned by Sabey Corporation and National Real Estate Advisors. The platform has six energized campuses, 251 MW of operating capacity including 76 MW of built powered shell, and over 4 million square feet. On 5 October 2026 Sabey Corporation and National Real Estate Advisors announced that Ares Secondaries funds expanded their investment in Sabey Data Center Properties, bringing Ares' total investment to more than $500 million. SDCP's campuses now total 275 MW, with an expansion pipeline expected to reach about 737 MW by 2033. |
acquisition | ≥$500M | Announced 8 July 2026; follow-on commitment announced Monday 5 October 2026 (GlobeNewswire) | n.a. | |
Ares + CDPQ + Schroders Capital + Vantage EMEA Ares participated with CDPQ and Schroders Capital in a financing for Vantage EMEA. |
debt facility | n.a. | n.a. | n.a. | |
Ares + Ada Infrastructure Ada Infrastructure acquired two Leesburg, Northern Virginia data centers totalling 165MW and 745,000 sq ft on 15-year triple-net leases, plus a 314-acre site in Spotsylvania, Virginia. |
acquisition | n.a. | n.a. | Ada Infrastructure Leesburg data centers (VA) | |
Ares Management + CDPQ + Schroders Capital + Vantage Data Centers La Caisse joined the EUR 750 million Vantage EMEA financing with Ares and Schroders. |
debt facility | n.a. | n.a. in source | n.a. |
The record
Sourced facts on Ares Management
- Ada Infrastructure was acquired with GLP Capital Partners' international business.
- Pause exposure: n.a. Northern Virginia assets sit in the market most affected by the Prince William County reversals.
Sources
Sources for Ares Management
Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.
- adainfrastructure.comAda Infrastructure
- whitecase.comWhite & Case
- cppinvestments.comCPP Investments
- x-energy.comX-energy
- utilitydive.comUtility Dive
- finance.yahoo.comYahoo Finance (GlobeNewswire)
- irei.comInstitutional Real Estate, Inc. (release), 5 October 2026
- telecompaper.comTelecompaper, 5 October 2026
- manilatimes.netSabey and National release (GlobeNewswire via The Manila Times), 5 October 2026
- markets.businessinsider.comGlobeNewswire via Markets Insider
- lacaisse.comLa Caisse
- ares.comAres
Private equity and infrastructure: one page each
Antin Infrastructure Partners 0Apollo Global Management 0Ares Management 2BlackRock / GIP / AI Infrastructure Partnership 0Blackstone 5Brookfield (BAM / Brookfield Infrastructure Partners) 2Copenhagen Infrastructure Partners 1DigitalBridge 5EQT 1Global Infrastructure Partners (as a distinct platform) 0I Squared Capital 0IPI Partners / Blue Owl 1KKR 3Macquarie Asset Management 1Oaktree Capital Management 1Pensions & Sovereign Wealth Funds (CalPERS, CPPIB, CDPQ/La Caisse, OTPP, PSP, ADIA, GIC, Mubadala, MGX) 0Silver Lake 0Stonepeak 2The Carlyle Group 2
The figure beside each provider is its count of named sites in the atlas.
Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
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Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
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Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
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Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
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Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
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