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NVIDIA Partners with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to Establish AI Compute Infrastructure Financing Platforms to Mobilize Over $500 Billion of Third-Party Capital

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New Financing Platforms Turn NVIDIA Compute and Full-stack AI Infrastructure Into an Investable Asset Class for Global Capital, Broadening Access to AI Factories, Enabling Long-duration Usage-linked Revenue While Supporting NVIDIA’s Ecosystem Growth Across Hardware Sales and Software Adoption

SANTA CLARA, Calif. and NEW YORK, NY, August 10, 2026 – NVIDIA today announced strategic partnerships to establish independent compute financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion of third-party capital for the buildout of AI infrastructure over time.

Demand for AI infrastructure continues to accelerate as countries, governments, enterprises and startups look to drive innovation, economic growth and societal benefits. NVIDIA compute is an investable asset — one which provides the lowest token cost, highest revenue and longest life along with a rich ecosystem of offtakers built upon NVIDIA’s CUDA platform.

Memorandums of understanding signed with six of the world’s premier financial institutions to create these partnerships aim to establish the first compute financing platforms of their kind at global scale to enable the AI infrastructure buildout across NVIDIA’s ecosystem, including leading frontier AI labs, enterprises and AI clouds. Under these strategic partnerships, NVIDIA will work with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create dedicated pools of capital at significant scale at attractive rates for NVIDIA customers.

“NVIDIA has reached an important milestone. We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories,” said Jensen Huang, founder and CEO of NVIDIA. “In AI, compute is revenue. NVIDIA compute is uniquely suited for this role. It is broadly adopted, flexible across models and workloads, fungible and transferable across customers and operators, and continuously improved through CUDA software — extending its useful life and improving its economics over time. It is supported by a deep global ecosystem of developers, customers and offtakers. That is why we are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure. These financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI.”

“Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains,” said Apollo President Jim Zelter. “The combination of NVIDIA’s proprietary technology ecosystem and Apollo’s flexible, long-term capital base provides a strong foundation to support the next stage of the AI buildout as part of the broader Global Industrial Renaissance.”

“The AI buildout will require unprecedented investment and a skilled workforce to turn that investment into the infrastructure that will help power future growth,” said Larry Fink, Chairman and CEO of BlackRock. “This partnership deepens our relationship with NVIDIA, including through the AI Infrastructure Partnership, and brings together NVIDIA’s leadership in accelerated computing with BlackRock’s ability to connect long-term capital to essential infrastructure. Together, we can help deliver the compute capacity that companies need to grow and create more jobs, supporting the continued growth of the U.S. and global economies, while creating attractive, long-term investment opportunities for our clients.”

“NVIDIA has created extraordinary demand for its compute through an intense focus on customer value and versatile technology,” said Jon Gray, President and COO of Blackstone. “We continue to be enormous investors globally across the NVIDIA ecosystem, and this announcement further underscores our confidence in their platform and the future of AI infrastructure.”

“As our strategic partner, NVIDIA is enabling us to scale AI factories. We are excited about further collaboration to build and fund the backbone of AI globally,” said Bruce Flatt, CEO of Brookfield. “With demand for large scale AI compute growing significantly as adoption scales across industries, compute is fast becoming the essential layer of infrastructure and a core pillar of the Brookfield AI infrastructure strategy.”

“We’re in a pivotal moment of a historic AI investment cycle. NVIDIA’s full stack platform is in high demand and uniquely positioned at the center of that global buildout,” said David Solomon, Chairman and CEO of Goldman Sachs. “Our investment and distribution roles reflect our confidence in NVIDIA’s leadership, and we’re excited for the new opportunity to create a market for credit backed by NVIDIA compute.”

“Compute has become a critical infrastructure asset. As we’ve scaled our approach to digital infrastructure, we’ve learned that delivery, not ambition, is the hard part. That’s why we’re excited to build on our strategic partnership with NVIDIA, a founding investor in Helix Digital Infrastructure, to bring together NVIDIA’s accelerated computing platform with KKR’s long-duration capital, infrastructure expertise and capital markets capabilities to turn growing demand into real capacity at extraordinary scale,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR.

These partnerships remain subject to execution of the final agreements.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Brookfield
Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of operating experience and a global presence in over 30 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly traded in New York and Toronto.

About Goldman Sachs
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

NVIDIA Forward-Looking Statements

Certain statements in this press release including, but not limited to, statements as to: NVIDIA bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure;  expectations with respect to demand for AI infrastructures; expectations with NVIDIA’s strategic partnerships with  Apollo, BlackRock, Blackstone, Brookfield,  Goldman Sachs and KKR, including the execution of final agreements and the terms and timing of the contemplated partnerships and the benefits of the financial platforms; expectations with respect to growth, performance, availability, demand, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Apollo Forward-Looking Statements

This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, Athene’s ability to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

BlackRock Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including with respect to the potential strategic partnership referred to herein. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions. BlackRock caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and may contain information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any projections or forecasts made will come to pass. Forward-looking statements speak only as of the date they are made, and the parties assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.  BlackRock has previously disclosed risk factors in its Securities and Exchange Commission (“SEC”) reports. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from forward-looking statements or historical performance. BlackRock’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the SEC, accessible on the SEC’s website at www.sec.gov and on BlackRock’s website, discuss certain of these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on BlackRock’s website is not a part of this press release, and therefore, is not incorporated herein by reference.

Blackstone Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone Inc.’s current views with respect to, among other things, its operations and the potential strategic partnership referred to herein. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone Inc. believe these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in its periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Blackstone Inc.’s periodic filings. The forward-looking statements speak only as of the date of this report, and Blackstone Inc. undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Brookfield Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this press release include statements referring to the impact of the partnership between Brookfield and NVIDIA.

Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in the United States and Canada, not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to Brookfield as of the date of this press release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

Goldman Sachs Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only Goldman Sachs’ beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside Goldman Sachs’ control. It is possible that Goldman Sachs’ actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect Goldman Sachs’s future results, see “Risk Factors” in Part I, Item 1A of Goldman Sachs’ Annual Report on Form 10-K for the year ended December 31, 2025.

Forward-looking statements include statements about the timing, profitability, benefits and other prospective aspects of business initiatives (including via partnerships) and the achievability of targets and goals, and statements about the opportunities presented by artificial intelligence (including potential AI infrastructure buildout and the need for capital to fund that buildout).  Statements about the timing, profitability, benefits and other prospective aspects of business initiatives (including via partnerships and with respect to the opportunities presented by AI, such as the need for and the ability to create compute financing platforms at global scale) are based on Goldman Sachs’ current expectations regarding its ability to effectively implement those initiatives and may change, possibly materially, from what is currently expected.  See “Forward-Looking Statements” in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Goldman Sachs’ Quarterly Report on Form 10-Q for the quarter ended Jue 30, 2026 for further information about forward-looking statements.

KKR Forward-Looking Statements

 This press release contains certain forward-looking statements pertaining to KKR, including with respect to the investment funds, and vehicles and accounts managed by KKR and Global Atlantic Financial Group. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including with respect to KKR’s involvement in the proposed transactions described herein and the transactions’ effect on our business. You can identify these forward-looking statements by the use of words such as “opportunity,” “outlook,” “believe,” “think,” “expect,” “feel,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” “visibility,” “positioned,” “path to,” “conviction,” “enables,” the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this press release. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this press release except as required by law. Information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, and its other filings with the SEC, which are available at www.sec.gov.

For further information, contact:

Mylene Mangalindan
Corporate Communications
NVIDIA Corporation
press@nvidia.com

Toshiya Hari
Investor Relations
NVIDIA Corporation
toshiyah@nvidia.com

Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com

Patrick Scanlan
Corporate Communications
BlackRock
Patrick.Scanlan@blackrock.com

Matt Anderson, Thomas Clements
Public Affairs
Blackstone
matthew.anderson@blackstone.com, thomas.clements@blackstone.com

Simon Maine
Managing Director, Communications
Simon.maine@brookfield.com

Tony Fratto
Corporate Communications
Goldman Sachs
gs-uspress@gs.com

Jehan Ilahi
Investor Relations
Goldman Sachs
Jehan.ilahi@gs.com

KKR Media
Media@KKR.com

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CVC Credit prices third new issue CLO of 2026

CVC Capital Partners

CVC Credit, the global credit management business of CVC, today announced it has successfully priced Apidos LVII (57), a new $550m Collateralized Loan Obligation (CLO) vehicle. This transaction marks CVC Credit’s third new issue CLO globally in 2026.

Apidos LVII was very well received by investors, with strong demand across the entire debt stack and pricing at near market tights for Tier 1 CLO managers. The CLO has a five-year reinvestment period and a two-year non-call period. Scotiabank served as lead arranger.

Kevin O’Meara, Managing Partner, Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit, said: “The successful pricing of our third new issue CLO of the year reflects the continued strength of investor demand for CVC Credit’s platform and the consistency of our investment approach. We are grateful for the ongoing support of our investors and remain focused on identifying attractive opportunities while maintaining our disciplined approach to portfolio construction and risk management.”

CVC’s Liquid Credit business manages $36bn (€31bn) in assets across more than 70 active funds, managed by a team of around 40 investment professionals in Europe and the US. CVC Credit has 20 years of experience as a successful CLO issuer, liquid credit and active portfolio management, with a proven track record of delivering attractive risk-adjusted performance through credit market cycles. Since inception, no CVC Credit CLO has ever missed a distribution to equity holders.

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Meridia Acquires a Landmark Flex Living Asset in Madrid from Bain Capital-led Consortium

BainCapital

London – August 6, 2026 – Meridia has completed the acquisition of a recently delivered purpose-built flex living asset in Carabanchel, Madrid, from the joint venture between Bain Capital, Momentum REIM and Episode. Opened in April 2025, the property comprises 977 fully furnished units and more than 30,000 sqm of gross built area. Designed to respond to the growing demand for flexible, high-quality accommodation, it offers a wide range of amenities, including co-working, gym, swimming pool, rooftop terraces, food & beverage areas and communal spaces tailored to modern urban lifestyles.

Located in one of Madrid’s fastest-growing residential districts, the asset benefits from excellent connectivity to the city center and strong demographic fundamentals. Episode, one of Spain’s leading specialized flex living operators, will continue to manage the asset, leveraging its extensive experience in delivering high-quality resident experiences and driving operational performance. Carabanchel is one of the most vivid cultural neighborhoods in Spain and Episode Carabanchel has worked with public and private entities to promote cultural activities and become a promoter of the neighborhood.

The asset was developed by Bain Capital’s Europe Real Estate team in joint venture with Momentum REIM and Episode. It has achieved BREEAM Outstanding certification and received the ASPRIMA-SIMA Award for Best Flex Living Initiative (2026), recognizing its residential innovation, sustainability, design, hospitality services and ability to foster community.

Overall, the joint venture has completed and exited approximately 2,800 units across its first portfolio and is currently developing a second portfolio of more than 2,300 units.

Meridia’s business plan is centered on the continued stabilization of operations, revenue optimization and active asset management, while maintaining a strong focus on sustainability and resident experience.

The investment reflects Meridia’s conviction in the long-term fundamentals of Spain’s living sector. Structural housing undersupply, continued urbanization, increasing labor mobility and changing residential preferences continue to support demand for professionally managed flexible accommodation, making it one of the country’s fastest-growing institutional real estate segments.

The acquisition is consistent with Meridia’s strategy of targeting high-conviction thematic investments in sectors benefiting from powerful demographic and societal trends, while delivering attractive risk-adjusted returns for its investors.

Marta de Azlor, Investment Director at Meridia, commented: “This acquisition marks an important step in strengthening our exposure to the flex living sector, which we believe offers some of the most attractive long-term opportunities within Spain’s living market. The project combines an institutional-quality asset, an attractive entry basis and a clear operational upside through stabilization. It also allows us to build on our previous investments in the sector and further expand our living portfolio. We are also delighted to work with Episode, whose operational expertise and strong track record make them an ideal partner for this asset. As investor demand continues to increase for scalable living strategies supported by strong fundamentals, we remain highly constructive on the outlook for the sector.”

Rafael Coste Campos, a Partner at Bain Capital, commented: “This transaction reflects the disciplined, full-cycle approach we take across our Europe Real Estate platform. Since entering the Spanish flex living sector alongside Momentum and Episode, we have focused on addressing the structural undersupply of high-quality accommodation in Spain’s gateway cities through hands-on asset management and long-term operating partnerships. We look forward to seeing the asset continue to perform under Meridia’s stewardship as we advance our second portfolio in the sector.”

Cuatrecasas and CSC acted as advisors for Bain Capital while JLL, KPMG, Garrigues and Arcadis acted as advisors for Meridia.

About Meridia

Meridia is a leading alternative investment fund manager in Spain with over €1 billion of assets under management. With a solid 20-year track record, the firm has built a reputation for delivering strong, risk-adjusted returns across multiple market cycles and investment strategies.

The firm manages capital on behalf of a diversified base of leading institutional investors, including pension funds, insurance companies, sovereign wealth funds, fund of funds, endowments and family offices from Europe, North America and Asia-Pacific.

Through multiple vehicles, Meridia focuses primarily on value-add real estate investments, combining deep local expertise with active asset management to deliver attractive risk-adjusted returns. The firm’s activities also extend to other areas such as Private Equity.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, portfolio companies, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,900 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

The firm’s Real Estate business in Europe is a disciplined, full-cycle real estate investment platform active across Living, Logistics, Digital Infrastructure and Hospitality in Europe. The team partners with best-in-class operators and management teams, combining local market expertise with Bain Capital’s global real estate and private capital platform to source off-market opportunities and create value through hands-on asset management.

About Episode

Episode is a leading Spanish flex-living operator with operations in Madrid and Barcelona and a platform of more than 6,000 units, offering fully furnished rooms and studios with all-inclusive utilities and flexible contracts. Its business combines real estate investment with hospitality-grade operations. Episode has developed its portfolio alongside institutional investors such as Bain Capital, as well as leading developers like Momentum Real Estate.

About Momentum

Momentum REIM is a Spanish real estate investment management firm founded in 2008 and specializing in the Living sector. With more than 18 years of experience, the company has developed over 50 real estate projects, deployed more than €1.4 billion in equity and delivered more than 7,200 units across Spain’s leading markets.

Momentum pioneered flex living in Spain and is the only investment manager to have completed two full institutional flexible accommodation portfolios. Its model is based on end-to-end control of the investment cycle, co-investment alongside financial partners and the integration of in-house technical capabilities through its subsidiary, Momentum Arquitectura.

The company is headquartered in Madrid and operates in Barcelona, Valencia, Málaga and Bilbao.

Media Contacts

 
Europe

 Jason Lobo

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Apollo Funds Acquire Maverick Water Group

Apollo logo

NEW YORK and HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (“Apollo Funds”) have acquired Maverick Water Group (“Maverick” or the “Company”), a Houston-based developer, owner and operator of alternative non-potable water systems that serve communities across Texas, from funds managed by Crosstimbers Capital Group (“Crosstimbers”). Maverick’s management team retains a minority stake and continues to operate the Company.

Founded in 2018, Maverick develops alternative water system assets, purpose-built in partnership with real estate development and industrial customers to support reliable non-potable water supply. With Apollo Funds’ support, the Company plans to continue scaling its platform and its significant near-term pipeline to meet accelerating demand for efficient, sustainable water infrastructure.

“Maverick has built a differentiated platform delivering long-term water solutions across some of the country’s fastest-growing markets,” said Jon Levinson, Managing Director, in Apollo’s Infrastructure Group. “Bringing to bear the scale of our infrastructure platform and deep industry expertise, we look forward to partnering with Maverick’s highly experienced team to support the Company and its customers through this next phase of growth.”

“We built Maverick to deliver reliable water solutions in regions where they are increasingly important, and we’re proud of the platform and the reputation our team has established,” said Dustin Kinder, Chief Executive Officer of Maverick Water Group. “Apollo shares our long-term vision for the business, and its partnership will enable us to continue investing in the innovative solutions our customers have come to expect from us. We’re excited about what we can accomplish together in this next chapter, and we’re grateful to the Crosstimbers team for all their support.”

“Resilient infrastructure, innovation, and stronger alignment with companies are all important elements of flourishing communities. That’s the belief we founded Maverick on,” said Trevor Brock, Co-founder and Managing Partner of Crosstimbers. “Dustin, Ben, and the team have built an exceptional business around it, with a culture to match. We’re grateful for their partnership and excited to watch Maverick continue to grow with Apollo.”

Apollo Funds have deployed more than $130 billion1 across infrastructure and infrastructure-related investments over the past five years, as the Global Industrial Renaissance continues to drive demand for modern and resilient physical infrastructure.

Guggenheim Securities acted as financial advisor to Maverick in connection with the transaction. Latham & Watkins LLP served as legal counsel to Crosstimbers on the transaction. Vinson & Elkins LLP served as legal counsel to Apollo Funds on the transaction.

1 The deployment, commitment, or arrangement of capital into infrastructure investments is commensurate with Apollo’s proprietary Infrastructure Investment Classification Framework and Calculation Methodology (the “Methodology”). The Methodology, which is subject to change at any time without notice, sets forth certain categories of investments classified by Apollo as infrastructure investments. Only investments determined to be aligned with one or more categories of infrastructure investment in accordance with the Methodology are counted toward the deployment, commitment, or arrangement of capital. Under the Methodology, Apollo uses different calculation methodologies for different types of asset classes. For additional details on the Methodology, please refer to our website.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit www.apollo.com.

About Maverick Water Group
Founded in 2018 and headquartered in Houston, Texas, Maverick Water Group develops, owns and operates alternative water systems that deliver non-potable water to communities and data centers, industrial, energy and real estate customers across Texas. Through purpose-built, long-term contracted infrastructure, Maverick helps reduce costs and preserve scarce potable water supply in the nation’s fastest-growing regions. To learn more, please visit maverickwater.com.

About Crosstimbers Capital Group
Based in Houston, Texas, Crosstimbers Capital Group provides formation capital to scalable platform companies that acquire, develop, and operate hard assets. For more information, visit www.crosstimbers.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

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Back to Press Releases KKR and Mirastar Complete Acquisition of Portfolio of Four Prime UK Logistics Assets from PLP

KKR

LONDON–(BUSINESS WIRE)– KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have announced the acquisition of a portfolio of four prime UK logistics assets from PLP for approximately £170 million, totalling 1.25 million square feet.

The portfolio comprises assets in Stafford, Crewe, Ellesmere Port and Wakefield, all located within established logistics markets across the West Midlands, the North West and Yorkshire. The assets provide best-in-class specifications combined with secure, long-term income, with a weighted average lease term to break of 10 years.

PLP developed the institutional-grade assets which are fully let to a diversified occupier base, with income split across retail distribution, third-party logistics and e-commerce. Around 60% of the rent roll is derived from tenants whose parent companies hold investment grade credit ratings.

The portfolio also benefits from strong sustainability credentials, including rooftop solar photovoltaic installations across all four assets, BREEAM ratings ranging from Excellent to Very Good and EPC ratings of A, reflecting PLP’s standard specification for modern, institutional-grade logistics assets, where sustainability features are embedded from the outset.

The transaction reflects KKR and Mirastar’s ability to leverage KKR’s diversified pools of capital to invest across a broad range of real estate opportunities. The portfolio’s long-term income characteristics, high-quality occupier base and institutional-grade assets make it a strong addition to Mirastar’s growing European logistics platform.

Ekaterina Avdonina, CEO and Co-Founder at Mirastar, said: “This acquisition reflects our continued conviction in the long-term fundamentals of the UK logistics sector. The portfolio’s high-quality assets, strong occupier base and resilient income profile provide an excellent foundation for value creation, and we look forward to leveraging Mirastar’s operating expertise to support the assets’ continued growth and performance.”

Seb d’Avanzo, Co-Head of European Real Estate Equity at KKR, added: “This transaction demonstrates our ability to deploy capital at scale into high-quality core real estate assets and reflects our conviction in the long-term outlook for the logistics sector. We continue to see attractive opportunities to invest in assets that benefit from long-term structural trends and generate durable cash flows for investors.”

Neil Dickinson, Chief Investment Officer at PLP, said: “We’re delighted to complete the sale of this portfolio, which demonstrates our ability to identify opportunities, execute our business plan and create meaningful value for our investors. The transaction reflects the quality of the assets, the hard work of our team and continued demand for well-positioned real estate. We remain excited by the opportunities we see in the market and look forward to deploying capital to develop the next generation of investments.

KKR and Mirastar were advised by DTRE. PLP were advised by CBRE.

About Mirastar

Mirastar is a pan-European logistics developer, investor and asset manager, founded in 2019 by Ekaterina Avdonina, Chief Executive Officer, and Anthony Butler. The team currently comprises senior real estate professionals based in London, Paris, Stockholm and Frankfurt. Through Mirastar, KKR currently manages approximately €2.7bn of assets under management, totalling around 900k sqm, across the UK, France, Germany, Sweden, Italy, Spain and the Netherlands, and the team has collectively deployed over €20 billion of capital and built or constructed in excess of 4 million square metres of logistics assets across key European markets.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About PLP

PLP is a specialist logistics development and investment management business. The full service platform develops, manages and owns prime-grade logistics real estate in the United Kingdom on behalf of its institutional capital partners. The platform manages capital on behalf of both its shareholders and third party investors including, but not limited to, La Caisse (formerly CDPQ), Peel Group, Greater Manchester Pension Fund, and Macquarie Asset Management.

Media Contacts
KKR/ Mirastar
FGS Global
Alastair Elwen / Emma Black
kkr-comms-emea@fgsglobal.com
Tel: +44 (0) 20 7251 3801

PLP
Henrietta Love
Email: hlove@plproperty.com
Tel: +44 (0) 20 3687 1070

Source: KKR

 

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Ardian renews its backing of leading software publisher Arche MC2 with new unitranche financing, supporting joint investment by Montefiore Investment and Activa

Ardian

Ardian, a global private investment firm, announces the arrangement of new unitranche financing for Arche MC2, as part of a shareholding reorganization in which Montefiore Investment and Activa will jointly control the group. The new management team will make significant reinvestments alongside the new shareholders, with the financing package also including a sizable acquisition facility to support the company’s buy-and-build strategy.

Arche MC2 is the leading software publisher for social care in France, headquartered in Aix-en-Provence. The group is driving the sector’s digitalization by offering cutting-edge and mission-critical solutions across the value chain to a diversified base of both public and private-sector customers.

Since Ardian’s initial financing in July 2024, the group has pursued a growth strategy that combines strong organic performance with targeted acquisitions. This new transaction marks a significant milestone in the group’s evolution, reflecting Ardian’s renewed confidence in the strength of Arche MC2’s business model and in the ambitions of its shareholders and management team.

“We are delighted to renew our support for Arche MC2 as part of this new transaction. Since we arranged our first financing package in 2024, the group has continued to demonstrate the resilience of its model and the relevance of its strategy. We are confident that this new financing will enable the group to continue its development, both organically and through acquisitions, in the coming years.” Grégory Pernot, Co-Head Private Credit France, Ardian

With over two decades of experience, Ardian’s Private Credit activity is among Europe’s most established, applying a multi-local approach and partnering with private equity sponsors and management teams to accelerate the growth of high-quality companies. This transaction adds to Private Credit’s track record of successful investments and reflects a period of strong investment activity for the team.

LIST OF PARTICIPANTS

  • Ardian

    • Ardian Private Credit: Grégory Pernot, Melchior Huet, Adélaïde Homolle
    • Legal Advisor (Financing): Willkie Farr & Gallagher (Paul Lombard, Ralph Unger, Pauline Sarda)

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

Media Contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com 

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EQT Real Estate to acquire 14-asset pan-European logistics portfolio for EUR 532 million

eqt

French asset - EQT Real Estate Logistics acquisition

  • EQT Real Estate has agreed to acquire a portfolio of 14 logistics properties across the UK, Germany and France from Logicor
  • The portfolio comprises approximately 457,000 square meters of modern, fully leased logistics space 
  • The acquisition further strengthens EQT Real Estate’s European logistics platform, adding scale across established distribution corridors and major consumption centers

EQT Real Estate is pleased to announce that EQT Real Estate Europe Logistics Value Fund V (“EQT Real Estate”) has agreed to acquire a 14-asset pan-European logistics portfolio from Logicor for EUR 532 million.

The portfolio comprises approximately 457,000 square meters of logistics space across eight assets in the UK, four in Germany and two in France. The properties are fully leased to a diversified group of retail, e-commerce, logistics and industrial occupiers and are located in major distribution markets with access to key transport networks and population centers.

Jonathan Mackie, Managing Director at EQT Real Estate, said: “European logistics remains one of our highest-conviction sectors, underpinned by sustained occupier demand for well-located, high-quality assets. We’re delighted to further expand our presence through this acquisition from Logicor, adding a diversified portfolio of high-quality properties and creating a strong platform for long-term growth.”

Ryan Pappas, Chief Investment Officer at Logicor, said: “We are particularly pleased to have agreed another transaction with EQT, a highly respected and professional partner, reflecting the continued appeal of best-in-class logistics assets and the strength of long-term relationships in our sector.”

The transfer of UK assets has been completed, while completion of the German and French assets remains subject to customary closing conditions.

Contact
EQT Press Office, press@eqtpartners.com

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About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 291 billion in total assets under management (EUR 155 billion in fee-generating assets under management) as of 30 June 2026, divided into three business segments: Private Capital, Infrastructure and Real Estate. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $59 billion in GAV, owns and operates over 2,000 properties and 450 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

About Logicor

Logicor is a leading owner, manager and developer of European logistics real estate. As at December 2025, our portfolio of properties spans over 17 million square metres of warehouse space in key transportation hubs and close to major population centres, enabling us to support over 1,700 customers. We are headquartered in London and Luxembourg and have teams of people based across Europe. Our real estate and the strength of our network enable our customers’ goods to move through the supply chain and into society, every day. For more information visit www.logicor.eu

 

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Hg agrees sale of Quantios to Vista Equity Partners

HG Capital

London, UK – 30 July 2026 – Hg, the leading investor in European and transatlantic software and services businesses, today announced that it has agreed the sale of its majority shareholding in Quantios, a leading provider of SaaS solutions to the global trust and corporate services industry, to Vista Equity Partners.

Hg first invested in the business in 2022, then TrustQuay, and in 2023 merged it with ViewPoint (owned by funds managed by EQT) to create Quantios, – a global champion for the Trust and Corporate Services industry. Over the period of Hg’s ownership, the business has grown into a global platform partnering with close to 700 organisations worldwide, underpinned by its flagship Quantios Core and Klea solutions.

Central to the value created under Hg’s ownership has been Quantios’s product-led AI strategy. Generative AI is now embedded natively within Quantios Core and delivered to customers as standard, while a separately priced agentic AI layer automates higher-complexity regulated workflows for clients, with a suite of specialised agents available today and a larger identified pipeline in development.

This roadmap was developed with support from Hg Catalyst, a dedicated AI incubator and engineering team, which launched the business’s first agentic solution in March 2026. The roadmap has since become central to the company’s proposition and was a key driver for technology-focused buyer interest and for future growth of the business.

Chris Fielding, Partner, and Conor Stewart, Principal at Hg, said: “Quantios is a high-quality business serving a mission-critical sector, deeply embedded in its customers’ workflows and with a genuine technical edge in AI. We’re proud of what’s been built over the last few years: having assembled the management team from the ground up around Guy Harrison, supported the merger of two strong businesses into a single global champion and moved the company decisively into agentic AI, well ahead of much of the sector. We believe Vista is an outstanding partner, with their own sophisticated AI capabilities to take Quantios into its next phase of product innovation and growth.”

Guy Harrison, CEO of Quantios, said: “Since partnering with Hg and EQT, we’ve transformed two specialist software businesses into a scaled, integrated platform serving hundreds of customers across the trust and corporate services sector. We’ve expanded internationally, accelerated product development and helped our customers navigate two of the biggest technology shifts our industry has seen: first the move to cloud, and now agentic. I’m incredibly proud of what the team has achieved and grateful to Hg and EQT for their support and partnership. We’ve built a fantastic business and I’m excited about the next phase of growth alongside Vista”

The sale of Quantios will see a c.30% uplift to Hg’s latest book value and is the latest in a series of cash-back events generated by Hg, with three full or partial exits completed since early 2026, reflecting continued investor appetite for high-quality, mission-critical technology businesses that generate resilient, growing cash flows. Alongside GTreasury (acquired by Ripple) and Intelerad (acquired by GE HealthCare), Quantios also demonstrates how significant upfront investment in a company’s AI product suite can drive strong buyer interest – reflecting the value created by Hg’s long-standing approach of leaning into AI and product-led innovation across its portfolio.

The transaction is subject to customary conditions and approvals and is expected to be completed in Q3 2026. Baird and Deutsche Bank acted as sellside advisors to Hg.

For further information, please contact:

Quantios:
Harry Roxburgh, hroxburgh@nepean.co.uk
Eva Sayers, esayers@nepean.co.uk

Hg:
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

About Quantios

Quantios is a global technology provider to trust and corporate service providers, powering close to 700 firms across six continents with market-leading, AI-enabled digital administration solutions. Underpinned by its flagship solutions – including Quantios Core and Klea – Quantios delivers enterprise-grade capability to businesses of all sizes.

Its technology and services have been shaped and sharpened through decades of working with world-leading organisations and their day-to-day realities, ensuring firms have the clarity and confidence to operate effectively and grow.

Working as one Quantios across the UK, Channel Islands, Malaysia and beyond, the company brings together the strength of its platform with the insight and commitment of its people to create a better everyday experience for clients – so they can reduce risk, operate with clarity, focus on higher-value work, and confidently serve and grow their own businesses.

About Hg

Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation.

With a vast European network and strong presence across North America, Hg has over $110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $190 billion in aggregate enterprise value, employing more than 140,000 people and consistently growing revenues at more than 16% annually.

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EQT to sell Quantios, a leading provider of SaaS solutions to the global Trust and Corporate Services industry, to Vista Equity Partners

eqt

Quantios

  • During EQT’s ownership, Quantios evolved into a global software platform serving close to 700 organizations worldwide through the combination of ViewPoint and TrustQuay
  • EQT supported Quantios’ transformation through cloud migration, AI innovation and product expansion, including the launch of Quantios Core and the acquisition of Klea
  • The transaction demonstrates EQT’s strategy of partnering with founder-led and mid-market technology companies to build stronger, more global businesses through active ownership, strategic M&A and value creation

EQT today announced that the EQT Private Capital Asia Mid-Market Opportunities Fund I (“EQT”) has agreed to sell its stake in Quantios, a leading provider of SaaS solutions to the globalTrust and Corporate Services industry, to Vista Equity Partners. 

EQT initially partnered with the founders of Malaysia-based ViewPoint in 2023 to support the company’s next stage of growth. During EQT’s ownership, ViewPoint combined with TrustQuay (backed by technology investor, HG) to create Quantios, bringing together two highly complementary businesses to build a global software platform serving close to 700 organizations worldwide. Today, Quantios supports customers across more than 100 jurisdictions with software that helps streamline complex trust and corporate administration workflows.

Working alongside the management team, EQT supported Quantios’ transformation through the launch of Quantios Core, a cloud-native SaaS platform that modernized customer workflows and accelerated the transition from on-premise software to a subscription-based model. The business also strengthened its AI capabilities and expanded into new customer segments through the acquisition of Klea, an AI-powered legal entity management platform for corporate legal departments. 

Nicholas Macksey, Co-Head of EQT Private Capital Asia and Head of Asia’s Mid-Market strategy, said: “The successful exit of Quantios is an important milestone for our Asia mid-market strategy. It demonstrates our ability to create value through active ownership and deliver successful outcomes, even in a more selective market for software transactions this year. Asia Pacific continues to offer compelling opportunities for high-quality mid-market companies, and we believe EQT’s sector expertise, operational capabilities, and global network position us well to help founders and management teams accelerate their next stage of growth.” 

Jacob Van der Wiel, Managing Director within EQT Private Capital Asia’s Mid-Market strategy, said: “When we invested in ViewPoint, we saw the opportunity to partner with an ambitious founder and build a global software platform. Through the combination with TrustQuay, continued investment in an AI-powered next-generation cloud platform, and the strategic acquisition of Klea, Quantios has evolved into a stronger, more diversified business with global reach. We’re proud of what we have accomplished together and believe the company is well-positioned for continued success in its next chapter.”

Guy Harrison, Chief Executive Officer of Quantios, said: “Since partnering with EQT and Hg, we’ve transformed two specialist software businesses into a scaled, integrated platform serving hundreds of customers across the Trust and Corporate Services sector. We’ve expanded internationally, accelerated product development and helped our customers navigate two of the biggest technology shifts our industry has seen: first the move to cloud, and now agentic. I’m incredibly proud of what the team has achieved and grateful to EQT and Hg for their support and partnership. We’ve built a fantastic business and I’m excited about the next phase of growth alongside Vista.”

The successful transformation and exit of Quantios highlights the momentum of EQT Private Capital Asia’s mid-market strategy, which complements the firm’s flagship large-cap strategy by partnering with high-quality businesses across Asia Pacific. 

The transaction is subject to customary conditions and approvals and is expected to be completed in Q3 2026.

Contact:
EQT Press Office, press@eqtpartners.co

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Bain Capital and Tillman Global Holdings Announce $1.5 Billion Investment in Eaton Fiber to Power the Expansion of Verizon Fiber Broadband across the United States

BainCapital

Supported by the acquisition of Ripple Fiber, Eaton Fiber will bring Verizon fiber broadband to over a million locations outside Verizon’s current fiber footprint over the next few years

BOSTON and NEW YORK – July 29, 2026 – Bain Capital and Tillman Global Holdings (“Tillman”) today announced a $1.5 billion investment in Eaton Fiber, an affiliate of Tillman, to accelerate the expansion of Verizon fiber broadband through fiber network deployment across the United States. The investment, which was led by Bain Capital’s Special Situations team, fully funds the acquisition of Ripple Fiber and the next phase of Eaton Fiber’s network expansion.

In connection with the investment, Eaton Fiber has entered into a definitive agreement to acquire Ripple Fiber, a leading 100% fiber-optic internet provider and network operator. The acquisition is the first step in Eaton Fiber’s buy-and-build strategy to bring Verizon fiber broadband to over a million locations outside Verizon’s current fiber footprint through organic construction and disciplined acquisitions. Ripple Fiber’s existing shareholders, Platform Investment Partners and KLT, will continue to back the Eaton Fiber platform alongside Tillman and Bain Capital.

The investment builds on the commercial agreement between Verizon and Eaton Fiber announced in October 2025, further advancing Verizon’s broadband and mobility convergence strategy. Under the agreement, Eaton Fiber funds, builds, maintains, and operates the network. Verizon serves as the exclusive retail provider of residential and small business fiber services and is responsible for sales, marketing, and end-user customer service, expanding fiber broadband availability into new areas.

“The U.S. fiber market is at a critical inflection point. Higher interest rates and tighter capital markets have constrained supply for standalone fiber-to-the-premise platforms, even as demand for high-quality broadband continues to grow. Wholesale fiber platforms have emerged as the most capital-efficient way to close that gap at scale,” said Angelo Rufino, Head of North America Special Situations and Head of Corporate Special Situations in Europe at Bain Capital. “Eaton Fiber sits at the center of that opportunity, combining a proven build engine with a committed Tier 1 anchor partner in Verizon. We are excited to invest alongside Tillman and the Verizon teams to grow this platform and bring essential connectivity to markets with growing demand for fiber connectivity.”

“Fiber is the critical backbone of digital infrastructure required to meet the evolving needs of our customers and power the rapid expansion of AI,” said Dan Schulman, Verizon CEO. “Expanding the reach of Verizon fiber is central to our growth and convergence strategy, and this partnership gives us a highly capital-efficient model to extend Verizon’s award-winning fiber broadband experience to more customers outside of our core footprint. We are excited to welcome Ripple Fiber’s customers to Verizon and provide them with an outstanding customer experience from day one.”

In connection with the transaction, Verizon will acquire Ripple Fiber’s existing customers, who will transition to Verizon’s fiber broadband platform over a period of time following closing, with uninterrupted service throughout the transition. Verizon will also acquire a small portion of Ripple Fiber’s network and related assets adjacent to or partially within Verizon’s existing fiber footprint in North Carolina and South Carolina.

“This transaction marks an important milestone in the evolution of Eaton Fiber,” said Sachit Ahuja, Co-President of Tillman and Co-Founder of Eaton Fiber. “The acquisition of Ripple Fiber meaningfully strengthens Eaton Fiber’s relationship with Verizon, while the partnership and long-term capital from Bain Capital provide additional resources to accelerate its fiber deployment. Together, these steps position Eaton Fiber to further enhance its strong build momentum and expand its geographic reach.”

“As a wholesale fiber network platform, we will do what we do best, working within communities to deliver state-of-the-art fiber connectivity at scale across the U.S. Through our acquisition by Eaton Fiber, we are well positioned, with our wealth of knowledge on operating wholesale networks, to accelerate our mission of connecting millions of homes and businesses to reliable, future-proof fiber for generations to come,” said Greg Wilson, Founder and CEO, Ripple Fiber.

The transaction is expected to close before the end of 2026, subject to customary closing conditions and regulatory approvals.

Eaton Fiber has secured committed debt financing in connection with the transaction from a syndicate led by Societe Generale and SMBC, alongside longstanding financing partner Future Standard Digital Infrastructure.

Lazard is serving as lead financial advisor to Ripple Fiber.

###

About Eaton Fiber
Eaton Fiber is a wholesale fiber infrastructure platform established by Tillman Global Holdings to develop, own and operate high-capacity fiber networks. The company provides wholesale network infrastructure that enables communications providers to expand broadband availability and deliver next-generation connectivity to homes and businesses across the United States. For more information, visit eatonfiber.com.

About Ripple Fiber
Founded in 2021 by CEO Greg Wilson, Ripple Fiber® is a Charlotte, NC-based 100% fiber-optic network operator serving hundreds of thousands of homes and businesses. Powered by a 10-gig, 100% fiber-optic network, Ripple Fiber is redefining connectivity for communities across 10 states and nearly 300 municipalities while expanding access to reliable, future-proof internet. Ripple Fiber believes the biggest wave starts as a ripple. For more information, visit ripplefiber.com.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 2,000 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Verizon 
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

About Tillman Global Holdings 
Tillman Global Holdings is a U.S.-based holding company that builds and scales leading businesses in essential digital and energy infrastructure. Founded in 2013 by Sanjiv Ahuja, the firm operates with a long-term, operator-led approach, leveraging deep expertise and disciplined capital allocation to address evolving customer and connectivity needs. Tillman applies its hands-on management model to create robust infrastructure platforms that support economic growth and deliver long-term value across the territories in which it operates.

Tillman’s current portfolio companies operate premier fiber networks, mobile tower platforms, hyperscale data centers, in-building connectivity systems, and energy infrastructure. For more information, visit tillmanglobal.com.
Tillman Global Holdings is a U.S.-based holding company that builds and scales leading businesses in essential digital and energy infrastructure. Founded in 2013 by Sanjiv Ahuja, the firm operates with a long-term, operator-led approach, leveraging deep expertise and disciplined capital allocation to address evolving customer and connectivity needs. Tillman applies its hands-on management model to create robust infrastructure platforms that support economic growth and deliver long-term value across the territories in which it operates.

Tillman’s current portfolio companies operate premier fiber networks, mobile tower platforms, hyperscale data centers, in-building connectivity systems, and energy infrastructure. For more information, visit tillmanglobal.com.

Media Contacts

 Eddie de Sciora

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