Voya Limits Data Center Credit Investing on AI Demand Worries
AI data center information on show at the Mobile World Congress 2026.
Photographer: Davide Bonaldo/SOPA Images/LightRocket/Getty Images
Technology companies have borrowed billions to fuel the rapid expansion of data centers for AI, but that demand is at risk of reaching a plateau before the debts are all paid back, according to Voya Financial Inc.’s investment arm.
Within its $50 billion private credit portfolio the asset manager is limiting holdings tied to large technology companies that have long-term contracts for artificial intelligence-linked infrastructure or “hyperscaler offtakers,” according to Voya’s Paul Aronson.