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Home/Deal Room/Blue Owl, Chirisa and PowerHouse expand CoreWeave AI campus JV

Financing · Evidence brief

Blue Owl, Chirisa and PowerHouse expand CoreWeave AI campus JV

Blue Owl + Chirisa Technology Parks + PowerHouse Data Centers + CoreWeave

Primary sourcePress release only2025-05-27
Deal structureJoint venture development financing / AI data-center construction
GeographyChesterfield, Virginia
Infrastructure layersFinancing + construction + data centers
Disclosed scale$750M transaction within up-to-$5B development partnership; initial 120 MW under construction

Why it matters

The strategic read

Shows private-credit capital moving directly into CoreWeave-linked AI campuses with liquid-cooling-ready design, not just generic data-center real estate.

Source-supported terms

What was disclosed

  1. 01

    Blue Owl-managed funds, Chirisa Technology Parks and PowerHouse closed a $750M transaction.

  2. 02

    The transaction sits inside a development partnership with capacity to deploy up to $5B.

  3. 03

    Initial construction covers 120 MW of critical facilities at CTP’s 350-acre Chesterfield campus.

  4. 04

    The release says the facilities are cornerstone developments in CoreWeave’s scaling AI infrastructure footprint.

Disclosure boundary

What is known—and what is not

JV transaction announced publicly; customer lease details, debt terms and full project economics are not public.