Latest news with #BlueOwlCapital
Miami Herald
2 days ago
- Business
- Miami Herald
Tropion Sports Partners Leads NBA Investment in Partnership with Blue Owl Capital
Tropion has completed a $25 million investment and is planning multiple investment tranches MIAMI, FLORIDA / ACCESS Newswire / June 4, 2025 / Tropion Sports Partners has launched a partnership to invest into the NBA alongside Blue Owl Capital and the Blue Owl Home Court Fund. Tropion is planning multiple investment tranches, having recently completed a $25 million investment. Tropion, a global sports investment platform, is led by Philadelphia-based entrepreneur Joseph Greco. Greco is also a minority owner of Major League Soccer's (MLS) Philadelphia Union and the founder and former chairman of fintech businesses PSC Info Group/RevSpring and Experity Ventures. Tropion's group of investors includes current and former professional athletes and well-known entrepreneurs, business leaders, and financial professionals. "We believe the NBA is positioned to capitalize on its significant global popularity and will continue to grow meaningfully over the next decade in a variety of ways. We are excited to bring access to this opportunity to our elite network of investors in partnership with Blue Owl Capital," said Greco. Blue Owl Capital is a leading alternative asset manager with $273 billion in assets under management. Formed in 2020, the HomeCourt Fund provides institutional capital and private equity solutions to the NBA ecosystem to support long-term growth of the league and improve market liquidity, and currently has investments in the Charlotte Hornets, Atlanta Hawks, and Sacramento Kings. SOURCE: Tropion Sports Partners press release
Associated Press
2 days ago
- Business
- Associated Press
Tropion Sports Partners Leads NBA Investment in Partnership with Blue Owl Capital
Tropion has completed a $25 million investment and is planning multiple investment tranches MIAMI, FLORIDA / ACCESS Newswire / June 4, 2025 / Tropion Sports Partners has launched a partnership to invest into the NBA alongside Blue Owl Capital and the Blue Owl Home Court Fund. Tropion is planning multiple investment tranches, having recently completed a $25 million Sports Partners Tropion Sports Partners Tropion, a global sports investment platform, is led by Philadelphia-based entrepreneur Joseph Greco. Greco is also a minority owner of Major League Soccer's (MLS) Philadelphia Union and the founder and former chairman of fintech businesses PSC Info Group/RevSpring and Experity Ventures. Tropion's group of investors includes current and former professional athletes and well-known entrepreneurs, business leaders, and financial professionals. 'We believe the NBA is positioned to capitalize on its significant global popularity and will continue to grow meaningfully over the next decade in a variety of ways. We are excited to bring access to this opportunity to our elite network of investors in partnership with Blue Owl Capital,' said Greco. Blue Owl Capital is a leading alternative asset manager with $273 billion in assets under management. Formed in 2020, the HomeCourt Fund provides institutional capital and private equity solutions to the NBA ecosystem to support long-term growth of the league and improve market liquidity, and currently has investments in the Charlotte Hornets, Atlanta Hawks, and Sacramento Kings. Contact InformationNick Sprague Partner 305-343-1210 SOURCE: Tropion Sports Partners press release
Business Journals
28-05-2025
- Business
- Business Journals
Joint venture behind Chesterfield data center closes on new $750M tranche
Blue Owl Capital, Chirisa Technology Parks and PowerHouse Data Centers on Wednesday announced the close of a $750 million transaction toward their $5 billion joint venture to build data centers to support AI infrastructure startup CoreWeave Inc. The partnership's first project is Chirisa Technology Parks' 350-acre data center campus in Chesterfield it started in 2024. The initial 120 megawatts of capacity under the program will be delivered for CoreWeave later this year and in 2026 at the campus at Meadowville Technology Park.
Yahoo
26-05-2025
- Business
- Yahoo
Newmark Facilitates $7.1 Billion Construction Loan to Develop AI Data Center
NEW YORK, May 22, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company arranged a $7.1 billion construction loan for Blue Owl Capital, Inc., Crusoe and Primary Digital Infrastructure. The loan, provided by a consortium led by J.P. Morgan, will fund the second phase of a $15 billion joint venture to fund a 1.2-gigawatt AI data center in Abilene, Texas. Newmark's Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Managing Director Ben Kroll arranged the funding, in collaboration with Head of Data Center Capital Markets Brent Mayo, Co-Head of U.S. Capital Markets Doug Harmon and Co-Head of Strategic Advisory Andrew Warin. "We are proud to advise on this landmark transaction between Crusoe, Blue Owl, and Primary Infrastructure, which represents a significant milestone in the evolution of sustainable digital infrastructure," said Roeschlaub. "This partnership not only validates Crusoe's innovative approach to energy and computing but also highlights the growing role of infrastructure capital in enabling next-generation technologies." "This funding solution represents a pivotal step forward in delivering next-generation digital infrastructure at a scale and speed that meets the demands of AI innovation," said Mayo. "Newmark played a critical role in structuring and securing the capital required to bring this transformative project to life, aligning innovative operators with long-term institutional partners." Under the terms of the joint venture, Crusoe in combination with funds managed by Blue Owl's Real Assets platform along with Primary Digital Infrastructure will jointly sponsor the construction of six new buildings, which will bring the center to eight buildings upon completion. Construction of the first phase, comprising two buildings and 200+ megawatts, began in June 2024 and is expected to be energized in the first half of 2025. Construction of the second phase, consisting of the six additional buildings and a total of 1.2 gigawatts, began in March 2025 and is expected to be energized in mid-2026, setting a new bar for the speed of delivery for greenfield, hyperscale digital infrastructure projects. Newmark also acted as strategic advisor on the first phase, securing both equity and debt financing. About Crusoe:Crusoe is on a mission to align the future of computing with the future of the climate. Crusoe provides a reliable, scalable, cost-effective, and environmentally friendly solution for AI infrastructure by harnessing large-scale clean energy, building AI-optimized data centers, and empowering builders to reach their AI potential. Crusoe is empowering the AI revolution. To learn more, visit About Blue Owl:Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit About Primary Digital InfrastructurePrimary Digital Infrastructure is an advisory and investment platform that accelerates the growth of hyperscaler and AI-driven data centers. Founded by industry pioneers Bill Stein, David Ferdman, Peter Hopper, and John Sheputis, Primary Digital Infrastructure provides flexible capital solutions to premier data center owners and operators—including recapitalizations, outright acquisitions, and forward takeouts. The firm empowers operators to unlock capital, fuel expansion, and meet the rising demand for next-generation digital infrastructure. To learn more, visit About NewmarkNewmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit or follow @newmark. Discussion of Forward-Looking Statements about NewmarkStatements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. View original content to download multimedia: SOURCE Newmark Group, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-05-2025
- Business
- Bloomberg
Blue Owl-Tied Data Center Gets $7.1 Billion in Financing
A consortium led by JPMorgan Chase & Co. is providing a $7.1 billion construction loan for a massive AI data center project in Abilene, Texas. The loan will fund the second phase of a $15 billion joint venture to fund the 1.2-gigawatt data center that's being developed by Blue Owl Capital Inc., Crusoe and Primary Digital Infrastructure, according to a statement Thursday.
