Meta Platforms Secures $29 Billion AI Infrastructure Financing from Pimco and Blue Owl

Meta Platforms has selected Pacific Investment Management Co. (Pimco) and Blue Owl Capital Inc. to lead a $29 billion financing package for its AI data center expansion. The deal underscores Big Tech's growing reliance on private credit markets to fund massive compute infrastructure demands driven by generative AI workloads.

Pimco will provide $26 billion in debt financing, likely structured as bonds, while Blue Owl contributes $3 billion in equity. The agreement follows weeks of negotiations with major private credit firms including Apollo Global Management and KKR, who remained contenders until final rounds.

The financing highlights private credit's expanding role in AI infrastructure development. Blue Owl recently committed $15 billion to a data center joint venture with OpenAI, signaling institutional capital's accelerating deployment into foundational AI assets.