Overview

• The AIP-led consortium, which includes BlackRock, Nvidia, Microsoft and xAI alongside MGX and BlackRock’s GIP, agreed to acquire Aligned from Macquarie Asset Management in a deal valuing the company at about $40 billion.
• The transaction is AIP’s first investment and is expected to close in the first half of 2026, subject to regulatory approvals and customary conditions.
• The buyers plan an initial $30 billion of equity commitments with capacity to scale the vehicle to as much as $100 billion including debt.
• Aligned operates roughly 50 campuses with more than 5 gigawatts of operational and planned capacity across the U.S. and Latin America.
• The company will remain headquartered in Dallas under CEO Andrew Schaap, and participants characterize the deal as among the largest private digital infrastructure transactions to date.