Ares Management announced certain of its funds arranged a $2.4 billion debt facility for Vantage Data Centers, as demand for digital infrastructure tied to cloud and AI workloads continues to drive large-scale capital needs across North America.
Ares said it holds approximately $1.6 billion of the total commitment and funded about $330 million at closing. The firm said the facility will be used to refinance existing indebtedness and to support the development, construction and operation of data centers across Vantage’s North America portfolio.
Vantage’s North America platform spans 17 campuses with more than 4 gigawatts of IT load capacity, serving primarily cloud technologies as well as AI, according to Ares. The company also described the portfolio as fully leased under long-term agreements with hyperscale customers, and said roughly 99% of Vantage’s customers in North America carry investment grade ratings.
Ares framed the transaction as an expansion of its relationship with Vantage, positioning the financing as a flexible capital solution intended to support Vantage’s buildout and operations as it scales to meet hyperscale customer requirements. Vantage, in turn, said Ares is providing scaled capital and sector expertise as it accelerates delivery of what it described as critical infrastructure for customers.
Ares is a global alternative investment manager with investment solutions across credit, real estate, private equity and infrastructure, and said its platform had nearly $623 billion of assets under management as of December 31, 2025.
KEY QUOTES
“Ares is proud to build on our existing relationship with Vantage and support its innovative projects across key markets in North America. With the accelerating demand for cloud and AI technologies and the corresponding need for flexible, scalable capital, we believe Ares is well-positioned as an experienced lender to provide financing solutions for quality digital infrastructure. We look forward to working with Vantage in this next phase of its strategic growth to the benefit of its hyperscale customers and local communities.”
Brent Canada, Partner, Ares Infrastructure Debt, Ares Management Corporation
“We appreciate Ares’ support as we continue to reinforce Vantage’s leadership in the development of global, large-scale digital infrastructure. Ares brings scaled capital, deep sector expertise and confidence in our strategic vision, and we are excited to expand our global collaboration as we accelerate the delivery of critical infrastructure for our customers.”
Rich Cosgray, Senior Vice President, Global Capital Markets, Vantage Data Centers
