--- title: "BlackRock leads $12 billion funding round for Meta's new Texas data center." type: "News" locale: "en" url: "https://longbridge.com/en/news/293266324.md" description: "BlackRock is leading a $12 billion debt financing round for a new Meta data center in El Paso. BlackRock and its divisions hold an 80% stake, while Meta holds 20%. JPMorgan Chase and Morgan Stanley are managing the debt sale. This follows BlackRock's significant investments in data centers, including a similar structure for Meta's Louisiana project." datetime: "2026-07-21T00:32:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293266324.md) - [en](https://longbridge.com/en/news/293266324.md) - [zh-HK](https://longbridge.com/zh-HK/news/293266324.md) --- # BlackRock leads $12 billion funding round for Meta's new Texas data center. Authors: Jack Pitcher, Justin Baer, ​​Peter Rudegeair BlackRock CEO Larry Fink. According to sources familiar with the matter, BlackRock is leading a debt sale for its large new data center project in El Paso, backed by Meta Platforms, targeting at least $12 billion in financing. According to sources familiar with the matter, BlackRock is leading a debt sale for its large new data center project in El Paso, backed by Meta Platforms, targeting at least $12 billion in financing. The world's largest investment firm and its infrastructure and private lending divisions hold an 80% stake in the data center project, while Meta Platforms, which will use the data centers, holds the remaining 20%. According to the aforementioned sources, JPMorgan Chase and Morgan Stanley are leading the sale of this massive debt to finance the project and are contacting other potential investors. Over the past year, BlackRock has invested tens of billions of dollars in data centers, including a $40 billion acquisition of Aligned Data Centers. In recent years, CEO Larry Fink has spearheaded the acquisitions of private market investment firms Global Infrastructure Partners and HPS Investment Partners. This means that the asset management firm managing $15 trillion in assets is now playing a more active role in directly holding and operating assets. Meta's Louisiana data center project was financed by a $27 billion private credit deal, with BlackRock as a major investor. This deal was the largest private credit offering in history. The Wall Street Journal previously reported that BlackRock purchased over $3 billion in bonds in the deal last year. The new El Paso project uses a similar structure to Meta's Louisiana project. In the Louisiana project, private credit firm Blue Owl held an 80% stake in a joint venture, with Meta holding the remaining 20%. This joint venture issued massive debt, which was ultimately purchased by BlackRock and other companies. ### Related Stocks - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [SRVR.US](https://longbridge.com/en/quote/SRVR.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [OWL.US](https://longbridge.com/en/quote/OWL.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [OBDE.US](https://longbridge.com/en/quote/OBDE.US.md) - [OBDC.US](https://longbridge.com/en/quote/OBDC.US.md) - [OTF.US](https://longbridge.com/en/quote/OTF.US.md) ## Related News & Research - [BUZZ-PREVIEW: Meta seen reporting strong advertising revenue growth](https://longbridge.com/en/news/294237393.md) - [Meta's future AI data center lease obligations swell to over a quarter trillion dollars](https://longbridge.com/en/news/294389887.md) - [Meta Q2 earnings miss. 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