Blue Owl Capital has closed its third digital infrastructure fund at $7bn, surpassing its original $4bn target and reaching its hard cap. 

The vehicle – Blue Owl Digital Infrastructure Fund III (ODI III) – will focus on building and acquiring mission-critical data centres and related assets for hyperscale clients, including global technology companies scaling artificial intelligence and cloud infrastructure.

“This is a generational opportunity in digital infrastructure,” said Marc Zahr, Co-President and Global Head of Real Assets at Blue Owl. “ODI III is well-positioned to help meet the demand for global digital capacity, supported by favourable sector tailwinds.”

The fund drew commitments from a diverse global investor base, including public and private pensions, sovereign wealth funds, insurance companies, endowments, asset managers, and family offices across North America, Europe, the Middle East, and APAC.

“Scale is essential when working with hyperscalers,” added Matt A’Hearn, Head of Blue Owl Digital Infrastructure. “This fund positions us to partner on global data centre development with the financial and operational strength to meet growing digital infrastructure needs.”

ODI III is part of Blue Owl’s broader Real Assets platform. To date, the firm has raised $34bn for digital infrastructure and has invested in more than 90 facilities across over 25 global markets. Blue Owl Capital manages $273bn in assets across credit, GP strategic capital, and real assets as of March 2025.

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