Apollo finalizes majority acquisition of Stream Data Centers to boost AI infrastructure growth

Apollo Funds has completed its majority acquisition of Stream Data Centers (SDC), with Principal Asset Management taking a minority stake. SDC’s leadership will retain ownership and continue operations. The move positions SDC to accelerate its 4GW development pipeline for hyperscale and AI infrastructure across Tier 1 U.S. markets. Apollo views the deal as central to its long-term strategy to expand digital infrastructure investments amid surging AI and data demands.