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Part of Project Jupiter Watch — the public record of the $165B data-center deal in Doña Ana County, NM. New here? Start with the Film →

The Web / Organizations / Blue Owl Capital

Dossier · Organization

Blue Owl Capital

verification: confirmed

The private-capital firm that owns STACK Infrastructure, the campus's builder and operator.

At a glance

Kind
Financial institution or investor
Role in the project
Investor
Jurisdiction
Private sector (no public jurisdiction)
Verification
confirmed — Two independent accounts agree
In the record
2 sources · 13 connections · 2 dated entries
Record id
PJO6

Key facts

  • Owns STACK Infrastructure through its acquisition of IPI Partners.
  • Its Digital Infrastructure business is led by Matt A'Hearn.
  • The record shows no Jupiter-specific financing announced by Blue Owl.
  • Suspended OBDC II redemptions in November 2025, halted redemptions alongside a $1.4 billion loan sale in February 2026, and set 5% withdrawal caps on April 2, 2026.
  • Carved STACK's European business out to Apollo in April 2025 and ran a sale process of more than $30 billion for STACK's Asia-Pacific business in May–June 2026.
  • 2026-09-24Its shares closed down 3.6% on the day Oracle's force majeure notice was reported.

The record

Blue Owl Capital — owns STACK via the IPI acquisition (announced Oct 7 2024, completed Jan 6 2025) (~$10.5B AUM, 82 data centers); Digital Infrastructure led by Matt A'Hearn.

Relationships · 13

In the timeline · 2

Mar 13, 2026A Blue Owl trust lists the Red Chiles companies as its ownSep 24, 2026Oracle sends a force majeure notice

Dated entries in the record that involve this party. Appearing here is not an allegation — it means the graph draws an edge from this dossier to that event.

Claims involving them · 2

The Jupiter loans were quoted at 89 to 91 cents on the dollarcaveated
A Blue Owl trust lists the Red Chiles companies as its subsidiariesprimary-source

In the Watch · 7

eventBlue Owl acquires IPI Partners (announced Oct 7 2024, completed Jan 6 2025)
eventSTACK European carve-out to Apollo (Apr 2025)
eventBlue Owl suspends OBDC II redemptions (Nov 2025)
eventBlue Owl halts redemptions / $1.4B loan sale (Feb 2026)
eventBlue Owl 5% withdrawal caps; stock -45% (Apr 2 2026)
eventSTACK APAC sale process $30B+ (May-Jun 2026)
document“Financing the AI Buildout” — Van Nieuwerburgh, Brookings conference draft (Sept 2026)

Sources · 2

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The decision was due July 21. Instead: a public hearing — first set for October, then moved up to September 14 at the applicant’s request — and a ruling due by November 23. A $165B question for one desert county, on a schedule that keeps moving. The clock above always shows the next date that matters. Until the ruling, and after, this is the public watch on how it’s being made.