Apollo acquires a majority stake in Stream Data Center, increasing its investment in digital infrastructure.

Apollo Global Management has agreed to acquire a majority stake in Stream Data Centers, marking the first such acquisition by the alternative asset management firm amidst a surge in demand for digital infrastructure. The asset management company stated that this deal will provide Apollo-managed funds with the opportunity to invest billions of dollars in the digital infrastructure sector. As part of the transaction, the management team of Stream Data Centers will retain a minority stake, and the deal is expected to be completed later this year.