In a monumental move underscoring the massive capital requirements of the artificial intelligence revolution, private credit giant Blue Owl Capital has finalized an investment of approximately $3 billion.

This capital infusion is dedicated to a cutting-edge data center under development in New Mexico, a facility confirmed to be a critical component of OpenAI’s ambitious “Stargate” project. The investment represents a significant portion of a larger, nearly $18 billion financial package assembled for the state-of-the-art digital infrastructure hub.

The New Mexico data center is being spearheaded by developer Border Plex Digital Assets, in a strategic collaboration with STACK Infrastructure, a leading data center operator owned by Blue Owl. Upon completion, the facility’s immense computing power will be harnessed by Oracle, which is tasked with providing essential cloud services to OpenAI.

This tripartite alliance between a developer, an operator, and a cloud provider highlights the complex, interconnected ecosystem required to support next-generation AI workloads.

This project is a cornerstone of the wider Stargate initiative, a historic partnership between OpenAI, SoftBank, Oracle, and the U.S.-focused venture fund MGX. The overarching goal of Stargate is to construct a vast, nationwide network of AI data centers, with potential total investments soaring as high as $500 billion.

The primary objective is to secure the unprecedented computational capacity, or “compute,” deemed necessary for the development of more advanced and powerful artificial intelligence models in the coming years. Blue Owl’s substantial commitment highlights a pivotal trend of private lenders stepping in to fund the riskiest and most capital-intensive segments of foundational AI infrastructure.

The firm has articulated a bold strategy to amass a portfolio of roughly $50 billion in data center assets by the conclusion of 2026, signaling deep, long-term confidence in the AI infrastructure boom.