Business
Blue Owl and Chirisa Technology Parks Close $4 Billion Joint Venture Partnership Including Machine Investment Group for Lancaster Campus
Funds managed by Blue Owl Capital ("Blue Owl"), and affiliates of Chirisa Technology Parks ("CTP") and Machine Investment Group ("MIG") today closed on a joint venture partnership to include $4 billion of funding for the previously announced CoreWeave developments in Lancaster, Pennsylvania.
About this update from Blue Owl Capital Inc.
[{"type":"text","content":"Blue Owl Extends Development Partnership with Chirisa Technology Parks to $20 Billion to Support Over 1GW of Developments","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"LANCASTER, Pa., Aug. 25, 2025 /PRNewswire/ -- Funds managed by Blue Owl Capital ("Blue Owl"), and affiliates of Chirisa Technology Parks ("CTP") and Machine Investment Group ("MIG") today closed on a joint venture partnership to include $4 billion of funding for the previously announced CoreWeave developments in Lancaster, Pennsylvania.","length":373,"tagName":"p"},{"type":"image","alt":"Chirisa Technology Parks logo (PRNewsfoto/Chirisa Technology Parks)","displaySize":"","headline":null,"caption":"Chirisa Technology Parks logo (PRNewsfoto/Chirisa Technology Parks)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":166,"url":"https://media.zenfs.com/en/prnewswire.com/0ee5436fe6453b9a4d336dd8c8636155"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mqtJEBMtG9KNUT_twlZnXw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI5MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0ee5436fe6453b9a4d336dd8c8636155","width":400,"height":166}},"href":"https://mma.prnewswire.com/media/2453894/Chirisa_Technology_Parks_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"CoreWeave has invested in the campus and will lease the site as part of its commitment to building future-ready AI infrastructure hubs in the regions that need them most — across America's critical economic corridors, including the Mid-Atlantic, which this facility will serve. The Lancaster location will join CoreWeave's expanding global network of AI data centers.","length":380,"tagName":"p"},{"type":"text","content":"Blue Owl stated its intention to fund up to $20 billion of developments for CTP, extending the existing partnership between the two groups, which currently supports almost half a gigawatt of new developments underway in Virginia and Pennsylvania.","length":246,"tagName":"p"},{"type":"text","content":"Marc Zahr, Co-President and Global Head of Real Assets at Blue Owl said, "This expanded partnership with CoreWeave, Chirisa Technology Parks and Machine Investment Group marks a significant step forward in building the mission critical infrastructure that will power the future o...