Vantage Data Centers seeks $2bn in loans from Pimco and PGIM
$2B. That's what Vantage Data Centers just raised — not from Wall Street banks, but from alternative lenders betting on AI infrastructure.
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.
The key facts
5 to know$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
Go to the source
Financial Times Technologyft.com
Publisher excerpt: DigitalBridge-backed firm taps new investors for AI infrastructure as Wall Street banks limit exposure