Meta’s $29 Billion Deal Exemplifies the High Financial Stakes of AI
This isn’t a job for just one private lender.
Mark Zuckerberg wears Orion augmented reality (AR) glasses.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Apollo’s financial wizardry and BlackRock’s VC ambitions. But first, how Pimco clinched a deal to finance Meta’s AI efforts. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs
Fund giant Pimco had, until recently, been falling behind some of its rivals in the race to grab a hunk of the multitrillion-dollar market for private credit.