Menlo Park, California, October 21, 2025- Meta Platforms Inc. has entered a USD 27 billion joint venture with funds managed by Blue Owl Capital to develop the Hyperion data center campus in Richland Parish, Louisiana. Under the agreement, Blue Owl will hold an 80% stake, contributing approximately USD 7 billion in cash, while Meta retains a 20% interest and provides construction and property management services.
Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl Capital, said, “We're proud that our funds are partnering with Meta on the development of the Hyperion data center campus, an ambitious project that reflects the scale and speed required to power the next generation of AI infrastructure. Blue Owl's ability to deliver substantial capital at scale, combined with our deep experience supporting hyperscalers, makes us uniquely positioned to help bring mission-critical digital infrastructure to life. We look forward to continuing our work with Meta and contributing to the long-term growth of the Richland Parish community.”
The Hyperion facility is expected to deliver over 2 gigawatts of computing capacity, supporting Meta's AI infrastructure needs. The project is anticipated to create over 500 jobs and is structured to keep the development off Meta's balance sheet, with a four-year lease agreement and a 16-year residual value guarantee.
Susan Li, CFO of Meta, commented, “Our AI ambitions will be realized through our ability to deliver the infrastructure to support it. Our partnership with Blue Owl Capital to develop the Hyperion Data Center is a bold step forward, combining Meta's deep expertise in building and operating world-class data centers with Blue Owl's strength in infrastructure investment.”
Rachel Peterson, VP of Data Centers at Meta, added, “We are proud to be part of the Richland Parish community, and we look forward to continuing to strengthen our partnership for years to come. Construction is well underway with thousands of construction workers on site, and once online, the project will support over 500 operational jobs.”
Major investors in the financing include Pimco, which purchased USD 18 billion in bonds, and BlackRock, which invested over USD 3 billion.
This partnership marks Meta's largest private capital deal to date and reflects a broader trend of leveraging private investment for AI infrastructure expansion, highlighting the growing importance of Richland Parish as a hub for next-generation cloud computing.
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