Apollo Funds to Acquire Majority Stake in Stream Data Centers

Apollo has announced that Apollo-managed funds will acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners (SRP).

• Transaction and immediate actions: Apollo-managed funds will acquire a majority interest in Stream Data Centers, with SDC management retaining a minority stake; the transaction is subject to customary closing conditions and is expected to be completed in 2025. Apollo Funds and SRP will commit new capital to Stream’s existing data center land fund to accelerate development for 650 MW of near-term power capacity across campuses in metro Chicago, Atlanta and Dallas, and a newly formed Apollo Funds subsidiary will become investment manager of the land fund.
• Background and financial context: Since 2022, Apollo-managed funds have deployed approximately $38 billion into next-generation infrastructure (including renewable energy and digital platforms); Apollo reports approximately $840 billion of assets under management as of June 30, 2025. Apollo estimates data centers will require several trillion dollars of global investment over the next decade and will pursue scaled capital deployment via Stream and other partners.