Key facts
- BlackRock is leading a $12 billion debt sale for Meta's El Paso data center.
- BlackRock's Global Infrastructure Partners and MGX have closed the $40 billion acquisition of Aligned Data Centers.
- The consortium acquiring Aligned Data Centers has committed an additional $5 billion for expansion.
- Meta will own 20% of the El Paso data center joint venture, with BlackRock owning 80%.
- Aligned Data Centers operates over 50 campuses with more than 6.4 GW of capacity.
BlackRock has significantly expanded its presence in the artificial intelligence data center sector, executing approximately $57 billion in transactions. The investment giant is leading a $12 billion debt sale to finance Meta's large data center campus in El Paso, Texas, through a joint venture where BlackRock holds an 80% stake and Meta holds 20%. This deal structure is similar to Meta's previous joint venture financed by $27 billion in debt, in which BlackRock was a major investor.
In parallel, BlackRock's subsidiary Global Infrastructure Partners, along with Emirati firm MGX, has completed the $40 billion acquisition of Aligned Data Centers. The consortium plans to invest an additional $5 billion into Aligned to accelerate its data center footprint expansion. Aligned operates over 50 campuses with more than 6.4 GW of capacity and is known for its adaptive designs and patented cooling technologies for AI and hyperscale computing. Meta has also agreed to lease an Aligned campus in Shippingport, Pennsylvania.
BlackRock's acquisition of Global Infrastructure Partners in 2024 and HPS Investment Partners in July 2025 has solidified its position in data center investment and financing, with over $200 billion in global assets under its data center platform.