Oracle's stock (ORCL) declined after reports indicated that Blue Owl withdrew from a $10 billion data center project, impacting investor confidence in Oracle's growth prospects.
Oracle's $10 billion data centre project in Michigan is currently on hold as funding discussions with Blue Owl have stalled, creating uncertainty about the project's future.
Meta has secured a record $27 billion in financing from Blue Owl to develop a large-scale AI data center, marking a significant investment in AI infrastructure.
Meta selected Pimco and Blue Owl to finance a $29 billion AI data center in Louisiana, marking a significant private credit deal in the AI infrastructure sector, after a competitive process involving major asset managers and banks.
Blue Owl, a private credit firm formed from a $12.5 billion SPAC merger in 2021, has rapidly grown to manage over $200 billion in assets by providing financing for private equity deals and acquiring other asset managers. The firm, known for its low default rates and strategic acquisitions, has minted several billionaires among its leadership and partners. Blue Owl's success is attributed to its focus on stable, long-term investments and its ability to adapt to market demands, including recent expansions into real estate and insurance asset management.