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Blue Owl Capital has held a final close of its most recent digital infrastructure fund, Blue Owl Digital Infrastructure Fund III (ODI III) with $7 billion of total capital commitments. ODI III exceeded the original target of $4 billion and hit its hard cap.

ODI III will focus on developing, acquiring, and owning data centers and other connectivity related real assets to help meet the AI and cloud-driven global digital capacity needs of the world’s largest technology companies, with a focus on large-scale, build-to-suit developments.