Ares Management announced on Tuesday that it had raised 612 billion yen, equivalent to $4 billion, to create a new fund for investing in logistics centers. ^[1] Nvidia has committed to invest $1.5 billion in SB Energy in a private placement at the IPO price, according to the prospectus. ^[2] SB Energy, a SoftBank-backed data center developer, disclosed a 66.4% increase in revenue for the first half of 2026 in paperwork filed for its US initial public offering (IPO) on Tuesday. ^[3] Investors are attracted to the Japanese market specifically due to the weak yen and strong returns. ^[4] The capital for the fund was raised from global investors who were drawn to Japan's logistics infrastructure market. ^[5] Nvidia agreed to provide a guarantee of as much as $105 billion to help OpenAI lease a huge data center in Ohio being developed by the SoftBank-backed company. ^[6] The US-based power and data center infrastructure platform reported a net loss of $3.21 billion on revenue of $138.7 million in the six months ended June 30, compared with a net loss of $215.5 million on revenue of $83.3 million a year earlier. ^[7] The fund targets the creation of 30 to 40 large logistics facilities. ^[8]