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OpenAI’s Stargate Project Gets $3 Billion Blue Owl Investment
Private credit firm is emerging as a major AI infrastructure investor by taking equity slices in huge projects.
Blue Owl Capital, one of Wall Street’s biggest private lenders, is ramping up its big bet on artificial intelligence with a roughly $3 billion investment in a New Mexico data center that’s part of OpenAI’s Stargate project, said a person with knowledge of the deal.
Blue Owl, which has nearly $300 billion in assets, has emerged as a crucial investor in AI infrastructure, taking on the riskiest slices of big projects. That makes the deals attractive to more conservative lenders such as banks while giving Blue Owl a chance to make higher returns.