Blackstone Group LP CEO Stephen Schwarzman downplayed concerns about a potential bubble in the data center sector, calling the business "extremely conservative."
In an interview on Thursday, Schwarzman emphasized Blackstone's role as a direct service provider to healthy enterprises. He noted that the company builds data centers and secures long-term leases with creditworthy partners like NVIDIA.
"This isn’t some bubble-type business. It’s extremely conservative," Schwarzman stated.
Blackstone is one of the world's largest owners of data center operators. The alternative asset manager, which oversees $1.2 trillion in assets, includes QTS—North America's biggest data center landlord—and Australian data center operator AirTrunk among its holdings.
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