Blue Owl Capital Turmoil Could Affect Oklahoma Data Center Projects
Blue Owl Capital might not be a well-known name in Oklahoma but growing turmoil and challenges at the major private lender could have an impact on energy projects in the state. Data centers in Coweta, Claremore and Owasso.
And what’s happened at the New York City-headquartered company is sending “fresh strain” on the $2 trillion private credit industry, according to a recent report from Reuters.
With offices around the world, including London, Dubai, and Hong Kong, the company moved in recent days to limit withdrawals from a fund and also sold shares of other alternative asset managers.
Financial Moves Raise Industry Concerns
The developments have drawn attention across the broader private credit industry, which has become a major funding source for infrastructure, energy, and large-scale technology projects. As traditional bank financing tightens, private lenders such as Blue Owl Capital have played an increasing role in underwriting multi-billion-dollar data center campuses and related energy-intensive developments.
Here’s how its financial challenges could affect projects in Oklahoma. The worries about Blue Owl Capital came after Meta Platforms, Inc. and funds managed by Blue Owl entered into a $27 billion joint venture agreement last fall which will develop and own the Hyperion data center campus in Louisiana. Under the agreement, Meta would keep about 20% equity in the project while Blue Owl Capital would manage the majority. Blue Owl contributed $7 billion cash for the joint venture.
Tulsa-Area Project Backed by Blue Owl
Blue Owl Capital also backed data center developer Beale Infrastructure which broke ground in November 2025 on a campus just outside Tulsa. The financing is for the $1 billion Project Clydesdale data center.
The center is to occupy 506 acres in Owasso and had the blessing of Lieutenant Governor Matt Pinnell.
“Beale’s announcement of a $1 billion investment in Tulsa County and the creation of 100 high-paying jobs demonstrates Oklahoma’s leadership in technologies that are shaping the modern economy and ensuring that economic opportunity is available to communities and businesses across the Tulsa region,” he said in a statement at the time of the groundbreaking.
Beale is the same company planning another data center in Coweta. Project Atlas, as it is named, has been the focus of opposition by residents in and around Coweta.
Broader Data Center Financing Landscape
Blue Owl has been involved in financing of other data center projects in other states, including the Crusoe data center campus in Abilene, Texas. It recently turned down a $10 billion data center campus project in Michigan.
As Data Center Dynamics reported, “Oracle has had a challenging December thus far. Following the release of its earnings for the most recent quarter – which were undeniably strong, but apparently not enough to impress investors – the company saw its stock value dip some 10 percent. Shortly after, reports emerged that some of its data center projects for Stargate were facing delays, though Oracle has denied this.”
The combination of capital market volatility, private credit tightening, and investor scrutiny could influence how quickly large-scale data center developments move forward. Given the high energy demands of such facilities, any financing disruptions could also have downstream implications for electric grid planning and long-term power supply strategies in Oklahoma and neighboring states.