Data centers power Blackstone's $1.3 trillion investment empire

Blackstone CEO Steve Schwarzman

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• Data centers have become key drivers of $1.3 trillion private equity giant Blackstone's growth.
• QTS, the data center provider the firm took private in 2021, was the largest single driver of returns.
• Blackstone plans to lean further into digital infrastructure and private credit.

Data center investments have become the engine of Blackstone's growth.

The Wall Street investment giant reported that QTS...