The AI Infrastructure Stack
Overview  /  Tier III Physical Data Center  /  Layer 05: Data Center Real Estate
Sub-category 5.2

Hyperscale Developers (mostly private)

Build-to-suit hyperscale platforms. Almost entirely owned by PE / infrastructure funds. Track for IPO or acquisition.

Players

Players: QTS Blackstone, Stack Infrastructure Blue Owl, Aligned Data Centers Macquarie, Compass Datacenters Brookfield/Ontario Teachers, Vantage DigitalBridge, EdgeConneX EQT, CyrusOne KKR/GIP, DataBank DigitalBridge, Switch DigitalBridge/IFM

Analysis coming soon — this page is scaffolding for deeper research into hyperscale developers (mostly private).