Blackstone Strategic Partners is leading a $2 billion capital vehicle for EdgeConnex, the data center developer backed by EQT. The evergreen fund is expected to reach that size once formally established, with potential for further growth over time.

The investment comes as demand for data center infrastructure continues to surge, driven by cloud computing and AI workloads. EdgeConnex specializes in building facilities near major population centers and network hubs, positioning it to benefit from the industry's rapid expansion.

This marks another significant infrastructure play for Blackstone, which has been actively deploying capital in the sector. The partnership with EQT and EdgeConnex underscores the growing importance of data center investments as technology companies race to expand their computing capacity.