Blue Owl expanded development partnership with Chirisa Technology Parks to USD 20 Billion to support over 1GW of developments. LANCASTER, Pa. funds managed by Blue Owl Capital, and affiliates of Chirisa Technology Parks and Machine Investment Group closed on a joint venture collaboration to include USD 4 billion of funding for the previously announced CoreWeave developments in Lancaster, Pennsylvania.
CoreWeave invested in the campus and will lease the site as part of its commitment to building future-ready AI infrastructure hubs. These will be built in the regions that need them most across America's critical economic corridors, such as the Mid-Atlantic, which this facility will serve. The Lancaster location will join CoreWeave's expanding global network of AI data centers.
Blue Owl Capital has announced plans to fund up to USD 20 billion in developments for Chirisa Technology Parks (CTP), extending their existing partnership. This collaboration supports approximately 500 megawatts of new data center developments underway in Virginia and Pennsylvania.
Executive Statement
According to Marc Zahr, Co-President and Global Head of Real Assets at Blue Owl, this expanded partnership with CoreWeave, Chirisa Technology Parks and Machine Investment Group marks a major step forward in building the mission critical infrastructure that will power the future of AI innovation. At Blue Owl, they are focused on supporting high-conviction investments with visionary and creditworthy partners – this collaboration is well representative of this thesis. CoreWeave's cutting edge GPU as a service capability, combined with CTP's deep expertise in AI data center development make this a uniquely powerful alliance, all supported by Blue Owl's differentiated scale and structuring capabilities. Together, the company is not just funding data centers, but are enabling the scalable, resilient, and secure digital backbone of the AI workloads that will underpin society and the economy well into the future.