Meta has selected investment firms PIMCO and Blue Owl Capital to spearhead a $29 billion funding deal aimed at expanding its AI-focused data centre footprint in the United States. The financing will support major infrastructure projects in rural Louisiana and forms part of the company’s larger AI co-development strategy.
$26B debt from PIMCO, $3B equity from Blue Owl
According to a source familiar with the matter, bond market heavyweight PIMCO will manage approximately $26 billion of the transaction, primarily through bond issuance. Blue Owl Capital will contribute $3 billion in equity. The financing marks one of the largest private infrastructure fundraises in recent memory, underlining Meta’s aggressive investment in artificial intelligence capabilities.
The firms were selected after a competitive process involving several major investment groups. Bloomberg previously reported that Morgan Stanley was advising Meta, and that Apollo Global Management and KKR were also contenders until the final stages of negotiations. Meta, PIMCO, and Blue Owl declined to comment on the matter.
Part of Meta’s broader AI infrastructure push
The funding deal comes as Meta accelerates its AI ambitions. In a recent filing, the company disclosed plans to divest $2 billion in data centre assets, adopting a co-development model to share the cost of building new infrastructure. CEO Mark Zuckerberg has publicly stated that the company will invest hundreds of billions of dollars to develop “superintelligence” capabilities through massive compute centres.
Also read: Meta Bets Billions on Superintelligence Data Centers
Two large-scale data centres—named Prometheus and Hyperion—are currently in the works. Prometheus is expected to come online in 2026, while Hyperion has been designed to scale up to 5 gigawatts over time. These facilities are positioned to serve as the backbone for Meta’s generative AI operations in the coming decade.
Private capital emerges as critical partner in tech infra
The deal underscores the growing role of private capital in funding large-scale AI infrastructure, particularly as tech companies seek to balance innovation with fiscal prudence. Meta’s decision to partner with bond and alternative asset managers reflects a shift away from traditional capital expenditure models, allowing it to diversify funding sources while maintaining growth momentum.
As AI development becomes increasingly resource-intensive, similar co-development strategies are expected to surface across the tech industry. This financing also signals investor confidence in Meta’s infrastructure roadmap despite broader economic caution.
