Blackstone, one of the world’s leading private equity giants, has announced the launch of a $20 billion fund focused on artificial intelligence (AI) infrastructure, signaling a major strategic shift toward digital transformation investments. The fund, titled Blackstone AI Growth Partners I, will target data centers, semiconductor manufacturing, and cloud service platforms — key areas driving the current AI revolution.
According to the firm, the fund’s goal is to capitalize on the unprecedented growth in computational power needs brought on by the global AI boom. Industry analysts expect AI-related infrastructure spending to exceed $500 billion by 2030, with demand for GPUs, data storage, and high-speed connectivity accelerating rapidly.
Blackstone’s latest move follows similar initiatives by KKR and Carlyle, as private equity players compete for a foothold in the trillion-dollar AI ecosystem. Insiders note that the fund will also prioritize ESG principles, emphasizing energy efficiency and carbon neutrality in new infrastructure builds.
“This is not just about tech—it’s about sustainability and scalability,” said Blackstone’s co-head of infrastructure, Jonathan Gray. “We’re building the digital backbone for the next decade.”
The fund’s first investment round is expected to close in Q1 2026.
