Partner Forrest T. Passerin’s Leech Tishman article, “Filling the Gap: How 144A Offerings Are Financing the Data Center Boom That Banks Can’t Fully Fund,” was recently cited in a Tech Times article titled, “Banks Hit Concentration Limits, Sending Data Center Debt to Pension Funds” by Daniel Butler.
The Tech Times article discusses how traditional banks are reaching concentration limits in data center construction lending, prompting developers to increasingly look to private credit funds, Rule 144A bond issuances, and infrastructure debt funds to help finance AI-driven data center projects.
Citing Passerin’s analysis, the article notes that as banks hit their concentration limits, the Rule 144A private placement market is becoming one of “the fastest-growing financing channels in the sector.”