ChipsSeptember 10, 2026via Financial Times Technology
Vantage Data Centers seeks $2bn in loans from Pimco and PGIM
Why it matters
The AI buildout is reshaping capital markets: traditional bank financing for data centers is drying up, forcing infrastructure firms to tap alternative lenders (pension funds, asset managers) at potentially higher costs. This signals both the scale of AI capex demands and emerging stress in the traditional financing pipeline.
Key signals
- $2B loan facility from Pimco and PGIM
- DigitalBridge-backed Vantage Data Centers
- Wall Street banks limiting exposure to data-center lending
- Alternative lenders (pension/asset managers) stepping in to fund AI infrastructure
- Signals shifting capital structure for AI buildout financing
The hook
$2B. That's what Vantage Data Centers just raised — not from Wall Street banks, but from alternative lenders betting on AI infrastructure.
DigitalBridge-backed firm taps new investors for AI infrastructure as Wall Street banks limit exposure