Oaktree Capital Management (“Oaktree”) announced plans to raise at least £800 million ($1.1 billion) by selling a 20% to 40% minority stake in its data centre subsidiary, Pure Data Centres Group (“Pure”), as part of a strategic growth initiative. The sale would value Pure between £4 billion and £5 billion and help fund its continued global expansion.

Pure Data Centres currently operates over 500 megawatts of capacity across the UK, Europe, the Middle East, and Asia. The fundraising will support the company’s growing development pipeline, including its £1 billion joint venture with SEGRO PLC to build a fully fitted 56-megawatt data centre in Park Royal, London.

The formal process to attract new investors could begin as early as November 2025.

The move underscores Oaktree’s confidence in the robust growth trajectory of the global data centre market, which continues to expand amid surging demand for hyperscale infrastructure, AI capabilities, and cloud-based services. As digitalisation accelerates across industries, the sector remains one of the fastest-growing segments in the global real estate and infrastructure landscape.

In addition to the Pure Data Centres fundraising, Oaktree is also exploring strategic options for a partial sale of its broader European and Middle Eastern data centre assets, reflecting heightened investor interest and consolidation activity across the sector.