US tech giant Meta Platforms has tapped Pacific Investment Management Co ( Pimco ) and Blue Owl Capital to finance its US$29 billion data centre expansion in Louisiana, according to press reports.

Pimco will lead the US$26 billion debt side of the transaction, while Blue Owl is likely to contribute US$3 billion in equity.

Morgan Stanley has been advising Meta on the competitive process to bring in private credit. New York-based Blue Owl is an alternative asset manager with over US$284 billion under management.

Meta CEO Mark Zuckerberg said earlier this year that the company would be spending hundreds of billions of dollars on new data centre capacity for his superintelligence unit, which is reportedly poaching engineers from rivals.

The Hyperion data centre will be located in Louisiana. Meta is also building the Prometheus data centre in Ohio, which is expected to come online in 2026.

Meta, Pimco, and Blue Owl have not commented on the reports. Meta earlier said it would be carrying out some of the data centre expansion programme on its own balance sheet, although it was also looking for financial partners.