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SAVRN Research · Capital Atlas · Private equity and infrastructure

Silver Lake Data Center Capex and Sites

Silver Lake co-led the $9.2 billion Vantage Data Centers equity investment, including the $2.8 billion upsize, while managing approximately $103 billion. It subsequently launched a $400 million digital infrastructure platform focused on powered land with more than 6GW planned. No fetched source supports a Silver Lake role in QTS or an NVIDIA-linked QTS transaction.

Updated October 8, 2026 0 named sites 4 financing transactions 3 sourced facts 8 sources
Silver Lake
Private equity and infrastructure
Financing regimefund equity co-investment plus dedicated powered-land platform
Named sites
0
Site-level commitments the atlas ties to Silver Lake
Disclosed site capital
n.a.
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
n.a.
Sum of named sites with a stated megawatt figure
Financing transactions
4
Transactions naming Silver Lake 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.

PeriodKindAmountAs statedSources
at Vantage investment (2024) aum ~$103B
Silver Lake managed approximately $103 billion; portfolio revenue of approximately $254 billion cited at the powered-land platform launch
Named sites

Where Silver Lake builds

Silver Lake has no named site commitment on record in the atlas as of October 8, 2026. That is normal for a private equity and infrastructure position: the capital shows up in the transactions below rather than on a site of its own.
Financing

Financing transactions

Transactions that name Silver Lake as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
DigitalBridge + Silver Lake + Vantage Data Centers
DigitalBridge and Silver Lake co-led the completed equity investment in Vantage Data Centers.
 equity raise ≥$9.2B completed June 13, 2024 n.a.
Cipher Digital (Cipher Barber Lake LLC) + Fluidstack USA II Inc. + Unnamed leading AI lab
Cipher amended its Barber Lake lease with Fluidstack and entered a binding commitment with an unnamed leading AI lab to lease the facility for 10 more years after the Fluidstack term, on economic terms substantially consistent with the existing lease, extending contracted term to 20 years. The amendment adds tenant change orders, a phased data hall delivery from the fourth quarter of 2026 to the first quarter of 2027 (the September 2025 filing had targeted delivery by September 2026), and a cost framework under which Cipher bears the first $359.3 million of overruns above the initial budget and the tenant reimburses 50% of costs above that amount as additional rent.
 lease ≥$5.2B Amendment and binding commitment signed 24 September 2026; announced 25 September 2026 (Form 8-K) Barber Lake data center (TX)
Silver Lake + Adam Fisher + Peter Rumbold
Silver Lake launched the platform citing AUM of approximately $103 billion.
 platform ≥$400M launched after the Vantage investment n.a.
QTS + City of Blakely + Early County
Blakely and Early County, Georgia, signed an economic development agreement with QTS after two years of talks. The fund includes $5 million for wastewater upgrades and more than $12 million for workforce training. Officials said the campus could generate $60 million to $85 million a year for the county at full build-out
 incentive ≥$29M Signed 13 August 2026; reported 14 August 2026 QTS Blakely campus (GA)
The record

Sourced facts on Silver Lake

  • QTS / NVIDIA involvement: n.a. No fetched source supports a Silver Lake role in QTS or an NVIDIA-linked QTS transaction; NVIDIA's disclosed financing-platform partners are Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and Silver Lake is not among them.
  • The $400 million powered-land platform, led by Adam Fisher and Peter Rumbold, plans more than 6GW.
  • Pause exposure: n.a.
Sources

Sources for Silver Lake

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

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.
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.
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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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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.
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