# Ares Management Data Center Capex and Sites Source: https://savrn.com/data-center-capital-atlas/company/ares Markdown alternate of the page above; the site index is https://savrn.com/llms.txt --- 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 Virginia 2 sites Open the Virginia investment tracker → | Site | State | Place | Capital | MW | Status | Sources | | --- | --- | --- | --- | --- | --- | --- | | Ada Infrastructure Leesburg data centers | [Virginia](https://savrn.com/data-center-capital-atlas/virginia) | Leesburg | n.a. | 165 | operating | | | Ada Infrastructure Spotsylvania site | [Virginia](https://savrn.com/data-center-capital-atlas/virginia) | Spotsylvania | n.a. | n.a. | announced | | 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 CentersAres 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 InvestmentsAres closed the fund outside North America. | equity raise | $2.4B | n.a. | n.a. | | | CPP Investments + Ares ManagementCPPIB 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 MichiganAmazon'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 & AdvisoryAres 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 EMEAAres participated with CDPQ and Schroders Capital in a financing for Vantage EMEA. | debt facility | n.a. | n.a. | n.a. | | | Ares + Ada InfrastructureAda 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 CentersLa 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](https://savrn.com/data-center-capital-atlas/sources). - adainfrastructure.com[Ada Infrastructure](https://adainfrastructure.com/en-US/insights/news/ares-makes-significant-us-data-center-investments-in-northern-virginia) - whitecase.com[White & Case](https://www.whitecase.com/news/press-release/white-case-advises-vantage-data-centers-us24-billion-debt-facility-ares) - cppinvestments.com[CPP Investments](https://www.cppinvestments.com/newsroom/ares-management-closes-inaugural-us2-4-billion-data-center-development-fund-in-japan/) - x-energy.com[X-energy](https://x-energy.com/media/news-releases/amazon-invests-in-x-energy-to-support-advanced-small-modular-nuclear-reactors-and-expand-carbon-free-power) - utilitydive.com[Utility Dive](https://www.utilitydive.com/news/amazon-small-modular-reactor-deals-nuclear-dominion-x-energy-energy-northwest/730022/) - finance.yahoo.com[Yahoo Finance (GlobeNewswire)](https://finance.yahoo.com/real-estate/articles/sabey-data-center-properties-welcomes-123000835.html) - irei.com[Institutional Real Estate, Inc. (release), 5 October 2026](https://irei.com/news/sabey-data-center-properties-secures-additional-investment-from-ares-to-support-continued-growth/) - telecompaper.com[Telecompaper, 5 October 2026](https://www.telecompaper.com/news/sabey-data-center-properties-secures-more-than-usd-500-mln-from-ares--1584718) - manilatimes.net[Sabey and National release (GlobeNewswire via The Manila Times), 5 October 2026](https://www.manilatimes.net/2026/10/05/tmt-newswire/globenewswire/sabey-data-center-properties-secures-additional-investment-from-ares-to-support-continued-growth/2439091) - markets.businessinsider.com[GlobeNewswire via Markets Insider](https://markets.businessinsider.com/news/stocks/sabey-data-center-properties-secures-additional-investment-from-ares-to-support-continued-growth-1036596932) - lacaisse.com[La Caisse](https://www.lacaisse.com/en/news/pressreleases/ares-management-cdpq-schroders-capital-announce-eur-750-million-financing) - ares.com[Ares](https://www.ares.com/us/businesses-and-products/our-businesses/infrastructure) ### Private equity and infrastructure: one page each [Antin Infrastructure Partners 0](https://savrn.com/data-center-capital-atlas/company/antin)[Apollo Global Management 0](https://savrn.com/data-center-capital-atlas/company/apollo)[Ares Management 2](https://savrn.com/data-center-capital-atlas/company/ares)[BlackRock / GIP / AI Infrastructure Partnership 0](https://savrn.com/data-center-capital-atlas/company/blackrock-gip-aip)[Blackstone 5](https://savrn.com/data-center-capital-atlas/company/blackstone)[Brookfield (BAM / Brookfield Infrastructure Partners) 2](https://savrn.com/data-center-capital-atlas/company/brookfield)[Copenhagen Infrastructure Partners 1](https://savrn.com/data-center-capital-atlas/company/cip)[DigitalBridge 5](https://savrn.com/data-center-capital-atlas/company/digitalbridge)[EQT 1](https://savrn.com/data-center-capital-atlas/company/eqt)[Global Infrastructure Partners (as a distinct platform) 0](https://savrn.com/data-center-capital-atlas/company/gip)[I Squared Capital 0](https://savrn.com/data-center-capital-atlas/company/i-squared)[IPI Partners / Blue Owl 1](https://savrn.com/data-center-capital-atlas/company/ipi-blue-owl)[KKR 3](https://savrn.com/data-center-capital-atlas/company/kkr)[Macquarie Asset Management 1](https://savrn.com/data-center-capital-atlas/company/macquarie-am)[Oaktree Capital Management 1](https://savrn.com/data-center-capital-atlas/company/oaktree)[Pensions & Sovereign Wealth Funds (CalPERS, CPPIB, CDPQ/La Caisse, OTPP, PSP, ADIA, GIC, Mubadala, MGX) 0](https://savrn.com/data-center-capital-atlas/company/pensions-swfs)[Silver Lake 0](https://savrn.com/data-center-capital-atlas/company/silver-lake)[Stonepeak 2](https://savrn.com/data-center-capital-atlas/company/stonepeak)[The Carlyle Group 2](https://savrn.com/data-center-capital-atlas/company/carlyle) The figure beside each provider is its count of named sites in the atlas. Part of the [North American Data Center Capital Atlas](https://savrn.com/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. The SAVRN reference set ## Seven references, one system Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it. Delay Watchlist Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue. [Open the watchlist →](https://savrn.com/data-center-delay-tracker) Moratorium Tracker The policy layer: every state measure and local moratorium mapped and cited, with one page per state. Open the tracker → Water Tracker Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger. Open the water tracker → 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. Open the watchlist → 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. Open the permits tracker → SAVRN Scarcity Tracker Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling. Open the scarcity tracker → Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding. [Check an address →](https://savrn.com/site-intelligence)