Ares Aims to Raise $8 Billion to Back AI-Fueled Data Center Boom

Ares Management Corp. has set fundraising targets for data center investments, positioning itself to capture a share of the millions of dollars in new fees flowing into the booming sector.

The Los Angeles-based firm is aiming for more than $8 billion of equity fundraising to back data centers in the near term across London, Japan and Brazil, it told investors in a presentation on Thursday.