Schwarzman said QTS was now "the largest data center company in North America" and that data centers were one of Blackstone's "highest conviction investment themes today."
Jon Gray, Blackstone's president, suggested Blackstone's data center portfolio would continue to grow.
The size of Blackstone's investments in data centers reflect an astonishing rise for a once-obscure industry that's gaining importance in the race to develop and commercialize artificial intelligence.
Around the country, there has been a boom of data center construction.
Late last year, QTS won local approval to build one of the country's largest new data center projects in Virginia.
Persons:
Steve Schwarzman, Schwarzman, Blackstone's, Blackstone, QTS, Jon Gray, Gray, Michael Chae, We've
Organizations:
Business, Blackstone, Google, Income Trust, Digital Realty Trust
Locations:
North America, QTS, Virginia, Frankfurt, Paris