An anonymous seller is listing a data center loan portfolio worth approximately $500 million for sale.

An anonymous seller is auctioning a roughly $500 million data center loan portfolio via a bidding process, comprising over a dozen loans. Bids are due by November 19, with a minimum offer of $10 million per bid. The portfolio includes a $25 million stake in the New Mexico Stargate project, a joint initiative by OpenAI, SoftBank, and Oracle—the site where Oracle issued a force majeure notice. The auction, which followed the Democrats’ landslide victory in the U.S. midterm elections, is seen as a landmark event signaling the credit market’s growing pessimism over AI infrastructure expansion and hedge funds’ large-scale sell-off of AI-related debt. Analysts identify the anonymous seller as hedge fund Walleye. Separately, news yesterday revealed Walleye Capital is restructuring its internal equity business and preparing to return capital to investors. The $17 billion hedge fund, which posted its worst monthly performance since March 2020, is parting ways with its long-short equity leadership team and multiple portfolio managers.