Blue Owl Expands Lending for AI Infrastructure Projects

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Blue Owl Capital, a major Wall Street investment and credit firm, has significantly expanded its lending to the data center and AI infrastructure sector. The company recently agreed to provide $240 million in financing for a data center project in Minneapolis and plans to both invest in and lend to a large new data center development in Wichita Falls, Texas. This builds on Blue Owl's existing $500 million loan connected to a data center being built in Lancaster, Pennsylvania. The firm sees lending to the digital infrastructure space as a way to broaden its exposure to lucrative assets, even as it faces headwinds in other parts of its credit portfolio.

Why it matters

Blue Owl's growing focus on data center lending highlights the firm's conviction in the long-term potential of AI and digital infrastructure. As AI models advance rapidly, enabling more sophisticated applications, there is increasing demand for the computing power and storage provided by data centers. Blue Owl's willingness to finance these projects signals its belief that the sector will continue to be a lucrative investment opportunity, even as some of its other credit funds face client withdrawals.

The details

Blue Owl recently agreed to provide $240 million in financing for a data center project in Minneapolis, purchased by investors Cloud Capital and Arcapita Group. The firm also plans to both invest in and lend to a large new data center development in Wichita Falls, Texas, being built by Skybox Datacenters. This builds on Blue Owl's existing $500 million loan connected to a data center being constructed in Lancaster, Pennsylvania, for the AI cloud provider CoreWeave. Analysts say Blue Owl's growing focus on debt financing for digital infrastructure is a way for the firm to broaden its exposure to these lucrative assets.

• In February 2026, Blue Owl disclosed a $500 million loan connected to a data center being built in Lancaster, Pennsylvania.
• In March 2026, Blue Owl agreed to provide $240 million in financing for a data center project in Minneapolis.

What they’re saying

What’s next

Blue Owl plans to raise another digital infrastructure fund this year, following the success of its $7 billion Digital Infrastructure Fund III raised last year.