Blue Owl to Fund Build-out of Pennsylvania Data Center Campus

Blue Owl is funding the development of CoreWeave’s planned data center campus in Pennsylvania. Funds managed by Blue Owl Capital closed on a joint venture partnership to include $4 billion of funding for the previously announced CoreWeave developments in Lancaster, Pennsylvania.

Blue Owl aims to fund up to $20bn of developments for CTP, extending the existing partnership between the two groups, which currently supports almost 500MW of new developments underway in Virginia and Pennsylvania.

Marc Zahr, co-president and global head of real assets at Blue Owl, said: "This expanded partnership with CoreWeave, Chirisa Technology Parks, and Machine Investment Group marks a significant step forward in building the mission-critical infrastructure that will power the future of AI innovation. CoreWeave's cutting-edge GPU as a service capability, combined with CTP's deep expertise in AI data center development, make this a uniquely powerful alliance, all supported by Blue Owl's differentiated scale and structuring capabilities."

David Kelly, managing director North America at CTP, added: "Our Lancaster development with Blue Owl and Machine Investment Group underscores our partnership's deep commitment to building sustainable, high-performance digital campuses while creating real opportunity for the communities where we operate. We believe that the deployment of AI infrastructure goes hand-in-hand with inclusive economic growth — bringing high-quality jobs, educational partnerships, and valuable opportunities for residents and families living in Pennsylvania to participate in the AI ecosystem."