Meta, Blue Owl to close record $30 billion private financing deal for Louisiana AI data center - report

[Server racks full of routers, switches and servers aligning on both sides of an aisle of a data center. Illustration of the concept of cloud computing and infrastructure as a service (IaaS)]
Dragon Claws

Meta Platforms (NASDAQ:META [https://seekingalpha.com/symbol/META]) is set to seal approxinately $30 billion private capital financing deal—marking the largest private capital deal on record—for Meta’s advanced AI data infrastructure project in Louisiana, _Bloomberg News_ reported, citing people familiar with the matter.

Meta (NASDAQ:META [https://seekingalpha.com/symbol/META]) and alternative asset manager Blue Owl Capital (NYSE:OWL [https://seekingalpha.com/symbol/OWL]) will split ownership of the Hyperion data center site located in Richland Parish, Louisiana, with the tech giant (NASDAQ:META [https://seekingalpha.com/symbol/META]) retaining just 20% of it, the people said. Hyperion is the largest of Meta’s 29 data centers around the world, a 4 million–square–foot complex in rural Louisiana.

Morgan Stanley (MS [https://seekingalpha.com/symbol/MS]) arranged more than $27 billion debt and about $2.5 billion equity into a special purpose vehicle to finance the build-out, the report added [https://www.bloomberg.com/news/articles/2025-10-16/blue-owl-seals-largest-private-capital-deal-for-meta-s-ai-growth]. The transaction will be structured through a special purpose vehicle designed for large-scale infrastructure funding.

The bank started to work on the deal earlier this year, with a flurry of asset managers and infrastructure lenders trying to get the job. Pacific Investment Management Co. and Blue Owl eventually won out, the report said.

On October 16, the parties took the final step: they are set to price the bonds—in the 144A format—with PIMCO as the anchor lender, the people with knowledge said.

Meta (NASDAQ:META [https://seekingalpha.com/symbol/META]) will retain 20% ownership of the Hyperion site, with Blue Owl (NYSE:OWL [https://seekingalpha.com/symbol/OWL]) taking a majority interest, underscoring the growing influence of private capital in digital infrastructure financing. The tech giant will be the developer, operator, and tenant of the project, to be completed in 2029.

Meta, Pimco, Morgan Stanley, Blue Owl did not immediately respond to Seeking Alpha's request for comment.

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