Meta and funds managed by Blue Owl Capital have established a three way partnership (JV) to supervise the event and possession of the Hyperion knowledge centre campus in Richland Parish, Louisiana.
The Fb proprietor will likely be accountable for development and property administration of the ability.
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Beneath the phrases of the settlement, Blue Owl Capital’s managed funds will maintain an 80% stake within the JV, whereas Meta will retain a 20% share.
Each events have dedicated to contribute funds proportionate to their possession within the challenge. The event is estimated to value $27bn for buildings and supporting infrastructure corresponding to energy, cooling, and connectivity.
Within the transaction, Meta has transferred sure land and belongings at the moment below development that had been beforehand categorised as held-for-sale to the JV.
Blue Owl Capital offered round $7bn in money as a part of its contribution, and Meta secured a one-time distribution of $3bn from the joint entity.
Upon completion of the positioning, Meta will lease all services on the campus below working lease agreements.
These leases have an preliminary four-year time period with choices to increase.
Meta chief monetary officer Susan Li mentioned: “Our AI ambitions will likely be realised by means of our means to ship the infrastructure to assist it.
“Our partnership with Blue Owl Capital to develop the Hyperion Knowledge Centre is a daring step ahead — combining Meta’s deep experience in constructing and working world-class knowledge facilities with Blue Owl’s energy in infrastructure funding.”
Moreover, Meta has granted the JV a residual worth assure protecting the primary 16 years of operation.
This is able to require Meta to make a capped fee primarily based on the campus’s then-current worth if particular situations are met following a lease non-renewal or termination.
A portion of Blue Owl’s funding will likely be financed by means of debt issuance to funding administration agency PIMCO and sure different bond traders by way of a non-public securities providing.
Blue Owl Capital co-CEOs Doug Ostrover and Marc Lipschultz mentioned: “We’re proud that our funds are partnering with Meta on the event of the Hyperion knowledge centre campus — an bold challenge that displays the dimensions and pace required to energy the subsequent era of AI infrastructure.”
Morgan Stanley acted as unique monetary adviser to Meta for the transaction and served as sole bookrunner for the personal providing.
Authorized counsel for Meta was offered by Latham & Watkins, with Eversheds Sutherland advising on leasing issues.
Arthur D. Little supported industrial due diligence, Marsh delivered danger evaluation and insurance coverage companies, and Arup offered technical and environmental engineering recommendation.
Kirkland & Ellis served as authorized counsel to Blue Owl Capital funds, whereas Milbank suggested Morgan Stanley on securities issues.
In July 2025, Meta invested round €3bn ($3.5bn) for a minority stake in eyewear maker EssilorLuxottica, highlighting its rising give attention to the good glasses market, in line with a report by Bloomberg.
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