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Morgan Stanley Co-President reports $75 billion raised for hyperscaler debt to support infrastructure
Thursday, March 26, 2026 at 06:00 PM
Morgan Stanley has facilitated $75 billion in hyperscaler debt financing over the last six weeks, including $50 billion raised in March 2026. The firm reports strong market receptivity for capital deployment in AI-related infrastructure and data center-adjacent sectors.
Context
At the Morgan Stanley European Financials Conference on March 25, 2026, Co-President Dan Simkowitz reported that the firm has raised $75 billion in hyperscaler debt over the last six weeks. Notably, $50 billion of that total was secured during the month of March 2026 alone, signaling a massive surge in capital allocated toward AI infrastructure despite recent geopolitical conflicts. Simkowitz stated, "the underliers and the receptivity to go do capital are pretty strong," highlighting a robust pipeline for investment banking and M&A.
This capital influx follows a record-breaking period for the bank, which led or co-led $65 billion in AI-related debt deals in late 2025. The funding is critical as hyperscalers—including Meta, Microsoft, and Alphabet—are projected to spend $710 billion on North American data centers in 2026. This aggressive financing occurs as the industry faces mounting challenges, including local opposition to site construction and the urgent need for gigawatts of new electricity to power next-generation AI chips.
Sources (5)
Morgan Stanley Rides Big Tech’s AI Boom With $65 Billion Debt Push - BloombergMSREI Acquires Industrial Storage FacilityLocal Opposition Is Slowing A.I. Data Centers. Wall Street Has Noticed. - The New York TimesMorgan Stanley at European Financials Conference: AI and Global Growth By Investing.comMorgan Stanley Infrastructure Partners: Practising discernment amid enthusiasm
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