After discussion with several leading private credit firms in July, Meta has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead financing of its $29 billion expansion of AI infrastructure through a Louisiana data center project.
According to reporting by Tech Funding News, PIMCO will manage the debt portion of the financing through investment-grade bonds backed by the data centers’ physical assets. Blue Owl will contribute $3 billion in equity funding.
This move positions Meta to meet rising infrastructure demands and compete more aggressively in the AI space, alongside tech giants like Microsoft and xAI. In the past, Louisiana has been chosen for similar developments due to its access to infrastructure, reliable power grid and network of local partners.
