Meta enters $27bn joint venture with Blue Owl Capital for 2GW Hyperion data center

Meta has strategically secured $27 billion in financing for its 2GW Hyperion data center project through a joint venture with Blue Owl Capital, announced on March 14, 2026. This partnership allows Meta to offload substantial capital expenditure for the Hyperion data center, enabling the technology company to reallocate its balance sheet resources towards core initiatives like VR, AR, and AI. Blue Owl Capital, a New York-headquartered alternative asset manager, deploys a significant portion of its over $174 billion AUM into a critical digital infrastructure asset. The deal structure benefits Meta by ensuring the development of its 2GW data center capacity while leveraging Blue Owl's expertise in real estate and infrastructure credit. Blue Owl Capital's participation, drawing on its specialization in direct lending and infrastructure credit, positions the firm to gain exposure to a large-scale 2GW data center project. For Meta, a company committed to building the future of human connection through social technology, VR, AR, and AI, this $27 billion financing for the Hyperion data center is crucial for scaling its computational infrastructure. The joint venture allows Meta to accelerate its ambitious data center build-out, supporting its advancements in AI without fully tying up its own capital. This transaction demonstrates Blue Owl's capacity to partner with major tech firms on substantial digital infrastructure projects, aligning with its stated focus areas.