Related Digital and Blackstone have secured financing for a $16 billion data center campus in Saline Township, Michigan, designed for Oracle, emphasizing the urgent need for next-generation AI infrastructure in the U.S. This project is set to deliver thousands of construction jobs and significant community investments, reflecting a broader trend of increasing investor appetite for large-scale digital infrastructure driven by surging demand from AI and economic digitalization. Michigan’s Governor Gretchen Whitmer has shown strong support for innovation economy projects, further bolstering the state’s role in attracting major tech investments.
PIMCO: PIMCO is a global leader in active fixed income management across public and private markets. It specializes in complex debt solutions for infrastructure financing. PIMCO-managed funds anchored the fixed-rate, long-term debt for Related Digital’s Michigan data center.
Oracle: Oracle delivers integrated cloud applications and secure, autonomous infrastructure through Oracle Cloud. Its Cloud Infrastructure division focuses on powering AI workloads and digital transformation. Oracle is the anchor tenant for the new Saline Township data center campus developed by Related Digital.
Blackstone: Blackstone is the world’s largest alternative asset manager with investment strategies spanning real estate, private equity, credit, infrastructure, and more. Its real estate division targets digital infrastructure opportunities driven by AI growth. Blackstone committed equity through affiliated funds to support Related Digital’s Michigan data center project.
Jeff T. Blau: Jeff T. Blau is CEO of Related Companies and Chairman of Related Digital. He leads major real estate and data center development initiatives. Blau praised the financing as validation of the Michigan project’s role in America’s digital future and thanked partners including Michigan Governor Gretchen Whitmer.
Bank of America: Bank of America is a leading global financial institution providing banking, investment banking, and risk management services. It structures large-scale infrastructure transactions. Bank of America served as structuring agent and financial advisor for the data center financing, with Goldman Sachs and Wells Fargo also advising.
Related Digital: Related Digital is a vertically integrated data center development and investment platform founded by Related Companies. It combines expertise in complex real estate, infrastructure projects, and clean energy solutions to serve global hyperscalers with projects across the United States and Canada. Related Digital secured financing for its data center campus in Saline Township, Michigan, purpose-built for Oracle.
Mahesh Thiagarajan: Mahesh Thiagarajan is Executive Vice President of Oracle Cloud Infrastructure. He oversees expansion of AI infrastructure capacity. Thiagarajan highlighted the Saline Township data center’s contributions to jobs, community investment, and US AI leadership.
Investor Appetite: Strong demand from investors is fueling capital formation for large-scale digital infrastructure developments.
Michigan Tech Push: Michigan’s governor supports innovation economy initiatives to attract major tech infrastructure projects.
AI Infrastructure Demand: Demand for digital infrastructure is surging due to AI and economic digitalization, prompting investments in compute capacity.