What is the $29 billion Meta data center deal?

The $29 billion Meta data center deal is a private credit contract that Morgan Stanley is facilitating, where top asset managers are competing to provide the funding for Meta's new data center in Louisiana.

How are the asset managers competing for the Meta deal?

According to the news, Morgan Stanley pitted the four asset managers against each other, requiring them to form teams and compete to secure the $29 billion contract.

Why is the Meta data center deal so sought-after?

The Meta data center in Louisiana is a critical piece of infrastructure for the tech company, as it will underpin their most powerful artificial intelligence models. This makes the $29 billion contract highly coveted by the world's top asset managers.

Home / Business and Economy / Asset Managers Vie for $29B Meta Data Center Contract

Asset Managers Vie for $29B Meta Data Center Contract

19 Aug

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Summary

Morgan Stanley approached 4 top asset managers for $29B Meta data center deal
Asset managers required to pair up to secure the contract
Competition intensified as Morgan Stanley pitted the teams against each other

Asset Managers Vie for $29B Meta Data Center Contract

According to the news, in July 2025, Morgan Stanley had an unusual request for four of the world's biggest asset managers: they had progressed to the final round of a highly coveted $29 billion private credit deal to fund Meta Platforms Inc.'s new data center in Louisiana. However, the bank had an unexpected condition - the asset managers would need to pair up and compete against each other to secure the contract.

The competition intensified as Morgan Stanley pitted the two teams against one another for the right to provide the substantial funding required for Meta's sprawling new data center. This facility is set to undergird the company's most powerful artificial intelligence models, making it a critical piece of infrastructure for the tech giant.

The news highlights the fierce competition among top-tier asset managers to participate in such a significant private credit deal. Meta's need for substantial funding to build this data center has sparked a bidding war, with Morgan Stanley orchestrating the process to ensure the bank gets the best possible terms for its client.

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