Infrastructure
| Sector | Infrastructure |
| Sub-sector | Digital infrastructure |
| Location | Americas |
Macquarie Asset Management (MAM) identified these thematics early and saw an opportunity to create value by building scaled digital infrastructure platforms capable of supporting the growing demand for data, cloud services and AI.
Since the first investment from MAM-managed funds in 2018, Aligned’s portfolio had expanded from two sites to more than 50 data centres in operation or development.
Over the following eight years, MAM applied more than two decades of digital infrastructure experience to support Aligned's expansion across the US and the Americas, arranging more than $US5 billion of new primary equity from MAM and global co-investors to help fund 5 GW+ of operational and planned future capacity across the Americas to meet surging demand for AI-ready infrastructure.2
Aligned's growth has been further accelerated through sustainability-linked loans (SLLs). In 2020, the company received the first-ever data centre sustainability-linked financing in the US.3 Building on this, Aligned successfully increased its SLLs to more than $US8 billion and issued more than $US2 billion in green asset-backed securitised notes.4
In line with MAM’s commitment to sustainability across its portfolio, during MAM’s ownership in 2024, Aligned launched its award-winning proprietary DeltaFlow~ liquid cooling technology, designed for next-generation, high-density computing applications. This technology is deployed alongside the company’s existing patented air-cooling technology, Delta.3 These technologies are significantly more energy-efficient than traditional data centre cooling systems.5
Aligned’s proprietary DeltaFlow~ liquid cooling technology is more energy-efficient than traditional data centre cooling systems.6
Outcome
Over this period, Aligned expanded from two facilities and 85 MW of critical capacity to 51 campuses with more than 6.4 GW of operational and planned capacity, serving the world's leading hyperscale, neocloud and large enterprise customers across North and South America.6
A key milestone in Aligned's geographic expansion was the 2023 acquisition of ODATA, one of the fastest-growing hyperscale data centre platforms in Latin America, with facilities across Brazil, Colombia, Mexico and Chile - markets where demand for wholesale colocation is expected to grow considerably.7
In line with Aligned’s commitment to ensuring 100 per cent of its power in the US is linked to renewable energy sources,8 ODATA became the first hyperscale data centre company in Brazil to operate as an independent producer of renewable energy. This ensures that 100 per cent of its energy consumption in Brazil comes from sustainable sources.9
In July 2026, MAM completed the sale of Aligned to a consortium of investors at an enterprise value of approximately $US40 billion.10
Aligned has 6.4 GW of planned future capacity across the Americas to meet surging demand for AI-ready infrastructure.3
operational and planned capacity across 51 data centres11
of load matched with renewable energy sources in North America12
hyperscale data centre company in Brazil to become an independent renewable energy producer
Over eight years we helped scale Aligned from a two-site operator into a platform of more than 6.4 GW across the Americas. That growth reflects both a conviction we shared with the Aligned management team about the critical nature of data centre, infrastructure and the quality of that team in executing on the vision. We thank them for their partnership and believe the company is well positioned to keep meeting the surging demand for AI and cloud capacity in the years ahead.”
Anton Moldan
Senior Managing Director, Americas
Macquarie Asset Management
