Meta taps PIMCO, Blue Owl for $29 bn Louisiana data center
Meta has picked Pacific Investment Management Co. (PIMCO) and Blue Owl Capital to raise $29 billion for a Louisiana data center buildout, Bloomberg reported. PIMCO will provide $26 billion via investment-grade bonds backed by the assets, while Blue Owl adds $3 billion equity. The move supports Meta's AI push, with 2025 capex forecast at $66-72 billion to expand GenAI capacity.