09:12 AM EDT, 10/22/2025 (MT Newswires) -- BlackRock ( BLK ) is one of the biggest backers of a $27 billion private-debt deal to build a data center called Hyperion for Meta Platforms ( META ) in Louisiana, The Wall Street Journal reported Tuesday.

Last week, the world's largest asset manager acquired more than $3 billion worth of bonds issued to finance the data center, the Journal reported, citing people familiar with the matter.

Alternative asset manager Blue Owl Capital (OWL) owns 80% of the project, with Meta holding the remaining 20%, the report said, citing S&P Global Ratings.

BlackRock ( BLK ) declined to comment, and Meta Platforms ( META ) did not immediately respond to a request for comment from MT Newswires.

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