Blue Owl Capital's Turmoil Could Affect Oklahoma Data Center Projects

Financial challenges at the major private lender could impact energy-intensive developments in the state, including a $1B Tulsa-area campus.

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

Blue Owl Capital, a major private lender, is facing financial turmoil that could have ripple effects on data center projects in Oklahoma. The company recently took steps to limit withdrawals from a fund and sold shares of other alternative asset managers, raising concerns across the broader private credit industry. Blue Owl has backed several data center developments in Oklahoma, including a $1 billion campus just outside Tulsa, and its financial challenges could influence the pace of these energy-intensive projects.

Why it matters

Data centers are highly energy-intensive facilities, and any disruptions to their financing and development could have downstream implications for electric grid planning and long-term power supply strategies in Oklahoma and neighboring states. The state has been actively courting data center investments, and Blue Owl's financial troubles could threaten the progress of these projects.

The details

Blue Owl Capital, a New York City-headquartered private lender, has backed several data center projects in Oklahoma, including a $1 billion campus in Owasso, just outside Tulsa, known as Project Clydesdale. The company has also financed the Crusoe data center campus in Abilene, Texas. However, Blue Owl's recent financial moves, such as limiting withdrawals from a fund and selling shares of other alternative asset managers, have raised concerns across the broader private credit industry, which has become a major funding source for infrastructure, energy, and large-scale technology projects.

  • In November 2025, Beale Infrastructure broke ground on the $1 billion Project Clydesdale data center campus in Owasso, Oklahoma.
  • Last fall, Meta Platforms, Inc. and funds managed by Blue Owl entered into a $27 billion joint venture agreement to develop and own the Hyperion data center campus in Louisiana.

The players

Blue Owl Capital

A major private lender based in New York City that has backed several data center projects in Oklahoma and other states.

Beale Infrastructure

A data center developer that is building the $1 billion Project Clydesdale data center campus in Owasso, Oklahoma, with financing from Blue Owl Capital.

Meta Platforms, Inc.

A technology company that entered into a $27 billion joint venture agreement with funds managed by Blue Owl Capital to develop and own the Hyperion data center campus in Louisiana.

Matt Pinnell

The Lieutenant Governor of Oklahoma who praised Beale Infrastructure's $1 billion investment in Tulsa County and the creation of 100 high-paying jobs.

Crusoe

A data center campus in Abilene, Texas that has also received financing from Blue Owl Capital.

Got photos? Submit your photos here. ›

What they’re saying

“Beale's announcement of a $1 billion investment in Tulsa County and the creation of 100 high-paying jobs demonstrates Oklahoma's leadership in technologies that are shaping the modern economy and ensuring that economic opportunity is available to communities and businesses across the Tulsa region.”

— Matt Pinnell, Lieutenant Governor of Oklahoma (okenergytoday.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.