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

admin August 10, 2026

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

Categories: News

Tags: artificial intelligence (AI) infrastructure

EQT to acquire Copia Power, a leading integrated power and AI infrastructure platform

admin July 9, 2026

Copia Power develops, owns and operates integrated large-scale energy and digital infrastructure campuses across the U.S.
Copia works alongside utilities to help unlock new power capacity, accelerate infrastructure development, and support sustainable long-term grid reliability and ratepayer affordability
Highly thematic investment supporting the build-out of U.S. AI infrastructure, where access to scalable, reliable power has become an increasingly critical enabler of continued data center development
EQT will partner with Copia Power’s management team to scale the platform, accelerate priority development projects, and expand its integrated campus model across the U.S.

EQT is pleased to announce that EQT Infrastructure VII (“EQT”) has agreed to acquire Copia Power (“Copia” or the “Company”) from global investment firm Carlyle (NASDAQ: CG).

Copia develops integrated energy campuses that bring generation, high-voltage transmission, and data center load together at the same interconnection position, providing a differentiated approach that enables AI infrastructure growth on an accelerated timeline. Today, the Company has over 2.6 GW of energy generation and storage assets in operation or under construction and is actively developing over 9 GW of grid-connected data centers supported by Copia’s portfolio of gigawatt-scale energy campuses, comprising more than 25 GW of solar and storage and 7 GW of natural gas generation assets.

The transaction aligns with EQT’s focus on investing behind the infrastructure underpinning global demand for artificial intelligence and supporting energy security. The rapid adoption of AI is driving a new era of infrastructure investment, with global demand for compute capacity accelerating at an unprecedented pace. Data center and energy investment is expected to reach into the trillions of dollars over the coming years, and energy has become the primary bottleneck to data center growth. As a result, digital and energy infrastructure must increasingly scale together. Copia’s integrated model addresses that constraint, giving utilities a single route to add generation and load on an accelerated timeline, and providing hyperscalers and other customers a path to firm, grid-connected power in markets where interconnection queues have become a key hurdle, while supporting ratepayer affordability through the promotion of bring-your-own generation models.

The acquisition of Copia further expands EQT’s growing portfolio of AI infrastructure investments in the U.S., which spans data centers, energy, and fiber connectivity through companies including EdgeConneX, Zayo, Cypress Creek Energy, and Scale. EQT is actively encouraging collaboration across this portfolio — connecting power generation, digital infrastructure, and connectivity capabilities to deliver integrated solutions for hyperscalers and utilities. Copia’s integrated campus model is a natural complement to these capabilities, and EQT sees meaningful opportunity for Copia to contribute to these collaborations as demand for AI infrastructure accelerates. EQT will support Copia’s management team in scaling the platform, advancing priority development projects, and expanding its integrated campuses strategy throughout the U.S.

Ray Henger, CEO of Copia Power, said: “We are excited to partner with EQT as we enter Copia’s next phase of growth. Since our founding, we have focused on solving one of the most important challenges facing the U.S. power market: bringing generation, transmission and large-scale load together in a way that accelerates delivery for customers and utilities. EQT’s deep infrastructure experience and long-term perspective bring the ideal partner as we continue to scale our platform and develop the energy infrastructure needed to support AI and electrification.”

Alex Darden, Partner and Head of EQT Infrastructure Americas, said: “The rapid adoption of AI is transforming infrastructure demand, making energy an increasingly critical enabler of digital infrastructure. Copia has built a differentiated platform at the intersection of these two themes, and we believe it is exceptionally well positioned for long-term growth. We look forward to partnering with the management team to accelerate development, scale the platform, and help build the infrastructure that will support the next generation of AI.”

The transaction is subject to customary conditions and approvals. It is expected to close by the end of 2026.

EQT Infrastructure VII is currently expected to be activated and begin charging management fees around year-end 2026. Upon activation, and with the acquisition of Copia Power, EQT Infrastructure VII is expected to be 0-5 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals. EQT Infrastructure VI is currently 75-80 percent invested and continues to be in its commitment period, management fees will, following activation of EQT Infrastructure VII, be based on net invested capital.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Copia Power
Copia Power is an energy and digital infrastructure platform committed to developing, constructing, and owning large-scale assets across the U.S. Copia Power has over 2.6 GW of energy generation and storage assets in operation or under construction and is actively developing over 9 GW of grid-connected data centers supported by Copia’s portfolio of gigawatt-scale energy campuses, comprising more than 25 GW of solar and storage and 7 GW of natural gas generation assets. For further information www.copiapower.com. Follow Copia on Linkedin at Copia Power.

Categories: News

Tags: artificial intelligence (AI) infrastructure

Carlyle agrees to sell Copia Power, a leading power and AI infrastructure platform built from the ground up, to EQT

admin July 9, 2026

Established by Carlyle in 2021, Copia Power develops, builds and operates grid connected gigawatt-scale power and data center infrastructure
Transaction marks the successful execution of Carlyle’s platform creation strategy

Washington, D.C. – July 9, 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to sell Copia Power (“Copia”), a leading U.S. power and AI infrastructure development platform, to EQT, a purpose-driven global investment organization. The transaction reflects the growth of Copia from business plan creation into a leading power and AI infrastructure business during Carlyle’s five-year ownership period.

Created by Carlyle’s Infrastructure Group in 2021 to develop, construct and operate large-scale energy infrastructure assets across the United States, Copia was established around a conviction that power would ultimately be a bottleneck to the digitization and electrification of the US economy. Bringing together an experienced management team and initial portfolio of development assets, Carlyle built a highly differentiated platform spanning power generation, energy storage and digital infrastructure. Today, Copia has transformed in scale from a concept into a business with more than 20 GW of thermal and renewable generation opportunities and 9 GW of data center opportunities across its campus portfolio, spanning solar, storage, thermal, high voltage transmission and data center assets.

Under Carlyle’s ownership, Copia has grown to ~100 employees and significantly expanded its development and operational activities across power generation, energy storage, transmission and data centers. Leveraging the Infrastructure Group’s deep sector expertise, disciplined approach to capital allocation and track record of creating and growing infrastructure and development oriented businesses, Copia expanded its development pipeline, brought 2.6 GW of energy generation and storage assets into operation or construction, established a growing portfolio of power and digital infrastructure opportunities, and advanced the concept of the “grid connected campus” — co-locating gigawatt-scale generation and data center load at strategic high-voltage grid locations.

Ray Henger, CEO of Copia Power, said: “From the outset, our focus was on building a leading energy and digital infrastructure platform capable of developing, constructing and operating large-scale assets. What has been accomplished over the last five years is remarkable, and a testament to the strength of our team, the support of Carlyle and a relentless focus on execution. Under EQT’s ownership, we look forward to building on that momentum in the years ahead.”

Pooja Goyal, Chief Investment Officer of the Infrastructure Group, said: “When we established Copia, our thesis was that power would be the defining constraint for electrification and the digital economy, and we moved with conviction. Rather than acquiring an existing business, we saw an opportunity to create a differentiated platform that was built for purpose specifically to target this constraint in a scalable and commercial manner. We leveraged our Infrastructure Group’s deep sector expertise in developing and operating power assets and worked alongside an exceptional management team to create and scale the company, combining power, energy storage and digital infrastructure capabilities under a single platform. What began as a concept has become a leading power and energy infrastructure platform with more than 30 GW of opportunities across generation, storage and digital infrastructure.”

David Gluck, Managing Director of the Infrastructure Group, added: “Our conviction was that the best way to capitalize on the generational opportunity at the intersection of power and digital was to build – not buy – a platform. Copia’s transformation over the past five years is a testament to the management team we put in place and the disciplined execution of that strategy.”

Guggenheim Securities LLC and J.P. Morgan Securities LLC served as Carlyle’s lead financial advisors and Latham & Watkins LLP served as legal counsel. CG/ CRC-IB also served as financial advisor to Copia Power.

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About Copia Power

Copia Power is an energy and digital infrastructure platform committed to developing, constructing, and owning large-scale assets across the U.S. Copia Power has over 2.6 GW of energy generation and storage assets in operation or under construction and is actively developing over 9 GW of grid-connected data centers supported by Copia’s portfolio of gigawatt-scale energy campuses comprising more than 25 GW of solar and storage and 7 GW of natural gas generation assets. For further information www.copiapower.com. Follow Copia on LinkedIn at Copia Power.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contacts:

Carlyle

Brittany Bensaull

+1 (212) 813-4839

brittany.bensaull@carlyle.com

Charlie Bristow

+44 7384 513568

charlie.bristow@carlyle.com

Categories: News

Tags: artificial intelligence (AI) infrastructure

The New Salary.com Launches Max: Autonomous Agents and Real-Time Market Intelligence for the AI Era of Compensation Management

admin June 23, 2026

WALTHAM, Mass., March 31, 2026 (GLOBE NEWSWIRE) — Salary.com, the global leader in compensation data, software, and AI, unveiled a new brand identity alongside its new Max model, a purpose-built AI that brings autonomous agents and real-time market intelligence into compensation workflows. Built on Salary.com’s proprietary ontology, Max understands compensation data in context, delivering actionable, trustworthy intelligence for confident pay decisions. Max is the latest innovation in the CompAnalyst® AI Suite.

Founded in 1999, Salary.com built its reputation on structured compensation data and the CompAnalyst platform, which today supports more than 10,000 organizations in benchmarking jobs, building pay structures, managing merit increases, and more. Over nearly three decades, the company has expanded from a market data provider to enterprise-grade AI software, equipping HR and compensation professionals with autonomous agents, seamless integrations, and real-time market intelligence built for how comp teams actually work.

“AI is fundamentally shifting how organizations approach compensation. It’s not just changing how the work gets done — it’s doing the work itself. Companies that embrace this shift will make better, more timely pay decisions and build businesses that last,” said Yong Zhang, Chairman and CEO of Salary.com. “With 27 years of compensation data, technology, and expertise behind us, Max turns that depth into an advantage our customers can feel every day — autonomous agents that don’t just surface insights but execute complex tasks.”

Salary.com’s new brand identity reflects this evolution, and a broader vision for AI-powered compensation software and autonomous agents. The company’s mission hasn’t changed, but Max represents a fundamentally new way of delivering on it. Built on Salary.com’s proprietary ontology, Max connects salary surveys, aggregated market data, job posting signals, and enterprise software into a single intelligence layer that’s as actionable as it is insightful. Agents automate pre- and post-planning analysis, identify compression risks before a cycle begins, and generate practical narratives for HR leaders and managers — turning what used to take weeks of manual reconciliation into streamlined AI-driven workflows.

“Real-time intelligence isn’t optional for compensation professionals anymore, but too many decisions are still being made on stale data across disconnected sources,” said Chris Knize, SVP of Products at Salary.com. “The Max model changes that by bringing real-time, context-aware market intelligence directly into the workflows and benchmarking practices compensation professionals rely on every day. Unlike generic AI tools or text-analysis models that simply surface trends, Max understands the context — why one role is scoped differently than another, or why a competitor’s job posting may signal a pay adjustment before the next survey cycle. Our purpose-built AI doesn’t just inform decisions; it helps drive them.”

Max represents the beginning, not the destination. Salary.com’s roadmap extends the same AI foundation that has driven 27 years of innovation across the full compensation lifecycle. The vision is a single platform where every compensation decision is informed by the same connected ontology.

Compensation teams have long struggled with a fragmented, time-consuming process — jumping between multiple tools to gather market data, manually matching jobs, and still lacking confidence that their comparisons are accurate. Max eliminates that friction. What once took half a day can now be completed in minutes — with greater accuracy and defensibility.

“The CompAnalyst AI Suite is proving to be a valuable planning resource,” said Alma Sosa, Compensation Business Partner at Omaha Steaks. “It enables our team to work more efficiently and make more informed decisions, giving me confidence that Salary.com will continue to be a trusted partner as we improve how we approach compensation management.”

Rather than forcing compensation professionals to constantly catch up to a shifting market, the CompAnalyst AI Suite and the Max model are designed to keep them ahead of it.

About Salary.com

Founded in 1999, Salary.com helps organizations get pay right with a complete approach to compensation management. Built on a proprietary job ontology, Salary.com delivers AI software, data, and services that enable companies to define roles, benchmark jobs, manage pay structures, and make pay decisions built to last. More than 10,000 customers worldwide trust Salary.com, with insights powered by over 30,000 organizations across 140+ countries and spanning more than 20,000 leveled job titles.

Combining pragmatic innovation in artificial intelligence with deep human expertise, Salary.com helps organizations make precise pay decisions, build trust with employees, and compete in a changing world. For more information, visit www.salary.com

Categories: News

Tags: artificial intelligence (AI)

KKR Launches Helix Digital Infrastructure, a New Company to Finance and Deliver the Next Generation of AI Infrastructure

admin June 11, 2026

Helix launches with over $10 billion of committed capital to accelerate the deployment of data centers, power and connectivity required to meet growing demand for AI

Kuwait Investment Authority, NVIDIA and Vistra join KKR as founding investors; NVIDIA to serve as a cornerstone strategic partner, Vistra as the preferred power partner to Helix

Former Amazon Web Services CEO Adam Selipsky leads new company

NEW YORK–(BUSINESS WIRE)– KKR, together with the Kuwait Investment Authority (KIA), NVIDIA (NASDAQ: NVDA) and Vistra (NYSE: VST) today announced the launch of Helix Digital Infrastructure (“Helix”), a new company designed to deliver integrated infrastructure at the speed and scale required for hyperscalers to meet accelerating artificial intelligence (AI) demand. As building AI infrastructure becomes increasingly complex, Helix will serve as a single coordination point for hyperscalers’ data centers, power, connectivity and related needs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610500794/en/

Founded with anchor investments from investors including KKR, KIA, NVIDIA and Vistra, the Helix strategy has more than $10 billion in total long-duration capital commitments to date. NVIDIA will also serve as a strategic partner to support the deployment of NVIDIA DSX AI factory-aligned infrastructure with a view to maximizing tokens per watt, achieving lowest total cost of ownership and accelerating time to first token for investments pursued by Helix. Vistra, a leading integrated power generation and electricity company with operations across 18 states and Washington, D.C., will be the preferred power provider for Helix investments. Following the closing of the founding commitments, Helix is open to additional eligible institutional investors.

AI is driving the largest infrastructure buildout in modern history, requiring trillions of dollars in investment across data centers, power generation and transmission, connectivity and related infrastructure over the coming decade. The scale and complexity of financing and coordinating this buildout represents a key industry bottleneck, ultimately slowing hyperscalers from delivering the models, services and applications their customers demand. Delivering AI infrastructure requires credible, long-term financial underwriters capable of committing capital consistently. Hyperscalers are also seeking more integrated and repeatable infrastructure solutions that meaningfully reduce the complexity they face in building at unprecedented scale.

KKR launched Helix in response to these challenges. Helix will be positioned as a single, trusted strategic partner to hyperscalers, armed with a long-duration, multi-billion-dollar capital base, and with integrated development capabilities and coordinated execution across AI infrastructure. The company is led by Adam Selipsky, former CEO of Amazon Web Services, who brings first-hand experience scaling the world’s largest cloud business, and deep insight into hyperscaler infrastructure priorities. He is joined by a dedicated management team and Board. Waldemar Szlezak, KKR’s Global Head of Digital Infrastructure, will serve as Helix’s Chief Investment Officer. Helix will seek to invest in and manage assets critical to enabling AI, including hyperscale data center development and operations; baseload and flexible power generation; transmission and distribution infrastructure; and fiber and connectivity infrastructure, among other assets.

“Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity. Helix combines significant long-term capital with the capabilities and expertise to deliver holistic AI infrastructure solutions with speed and scale,” said Adam Selipsky, Co-Founder and CEO of Helix Digital Infrastructure. “Helix is further strengthened by strategic partnerships with NVIDIA and Vistra across technology and power, which we believe will enable the company to deliver the infrastructure that will underpin hyperscalers’ AI strategies for years to come.”

“We view AI infrastructure as one of the defining long-term investment opportunities globally, and Helix is purpose-built to address it,” said Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority. “Helix reflects a differentiated model that combines proven leadership, integrated capabilities and long-term capital required to deliver the next generation of critical digital infrastructure at scale.”

“Useful AI has arrived, and demand for AI factories is extraordinary,” said Jensen Huang, founder and CEO of NVIDIA. “AI is driving the largest infrastructure buildout in modern history. With the NVIDIA DSX platform and the Helix strategic partnership, we are bringing together a proven AI factory blueprint, world-class infrastructure expertise from KKR, and long-term capital to help AI cloud providers build the next generation of intelligence infrastructure.”

“Power generation and grid interconnections are critical gating factors for AI infrastructure deployments,” said Jim Burke, president and CEO of Vistra. “Helix brings together data center development, infrastructure and power capabilities under a single umbrella, providing a one-stop shop for large load customers. By utilizing Vistra’s existing fleet to deliver near-term power, Helix will accelerate delivery of power solutions through the use of existing assets while also bringing additionality with Vistra’s best-in-class capabilities, including power generation development and power grid expertise. Vistra has a proven track record in executing more than 5,000 megawatts of power purchase agreements with hyperscalers and looks forward to leveraging our leading and diverse generation fleet and operational expertise as Helix’s preferred power partner to help deliver the reliable, affordable energy these customers require.”

“Like a DNA helix, Helix Digital Infrastructure is built on a double strand of complementary strengths—KKR’s institutional capital and infrastructure expertise intertwined with Helix’s hyperscaler leadership and execution engine. Together, with our strategic partners, we are positioned to meet the financial and operational demands of the AI era,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers, KKR.

Helix is supported by KKR’s leading global infrastructure platform, which includes over $100 billion in infrastructure assets under management and more than $70 billion invested across digital and power assets. KKR’s experience across data centers, renewable and conventional power generation and transmission, fiber and related sectors provides the foundation for Helix’s integrated model. KKR’s anchor investment in the Helix strategy is funded through its balance sheet and other managed vehicles.

About Helix Digital Infrastructure
Helix Digital Infrastructure is a dedicated company focused on investing in, delivering and managing the next generation of AI-enabling infrastructure. Founded with anchor investors including KKR, the Kuwait Investment Authority, NVIDIA and Vistra, the company has access to a long-duration, multi-billion-dollar pool of capital. Supported by KKR’s leading global infrastructure platform, Helix is designed to deliver integrated solutions across hyperscale data centers, power generation and transmission, fiber, connectivity and related infrastructure. Helix is led by Adam Selipsky, former CEO of Amazon Web Services, and a management team with extensive experience across cloud, digital infrastructure and energy systems. For more information about Helix, please visit www.helixdi.com.

About the Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the world’s oldest sovereign wealth fund, established in 1953. The KIA’s main functions include managing the State’s General Reserve and Future Generations Fund. Stemming from this rich history, the KIA continues to safeguard the financial wealth of Kuwait’s current and future generations by diversifying revenue streams and ensuring a fiscally sustainable and secure future.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas. The company serves 5 million retail customers and operates a growing portfolio of generation assets expected to reach a capacity of nearly 50,000 megawatts by year-end 2026. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at https://www.vistracorp.com.

Notice to Readers
This press release contains forward-looking statements, which reflect our current views with respect to, among other things, the operations of Helix. Readers can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. 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. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

General discussions contained within this press release regarding investment demand or market trends represent the view of either the source cited or KKR. Historical or current market trends are not reliable indicators of actual future market behavior or future performance of any particular investment that may differ materially, and should not be relied upon as such. Nothing contained herein is intended to predict the performance of any investment.

KIA, NVIDIA and Vistra are investors in Helix and accordingly will participate in returns generated by Helix. These and other investors will serve as strategic partners and may have certain rights, such as priority or first look rights, to provide goods or services to Helix investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260610500794/en/

Media Contact
Liidia Liuksila
Media@KKR.com

Source: KKR & Co. Inc.

Categories: News

Tags: artificial intelligence (AI) infrastructure

Broadcom, Apollo, and Blackstone Establish Landmark Strategic Platform to Accelerate More Than 20 Gigawatts of Global AI Deployments

admin June 9, 2026

Platform Launches with $35 Billion Transaction for More Than 1 Gigawatt Led by Apollo in Partnership with Blackstone

PALO ALTO, Calif. & NEW YORK, New York – June 9, 2026 – Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced the establishment of the AI XPV Platform with Apollo (NYSE: APO) and Blackstone’s (NYSE: BX) Credit & Insurance Business as initial anchor investors. The Platform is designed to enable more than 20 gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028.

The Platform launches today with an initial tranche of $35 billion led by Apollo, in partnership with Blackstone, to facilitate Anthropic’s previously announced capacity expansion of more than 1 gigawatt of compute infrastructure expected to deploy in Fluidstack-based sites starting in mid-2026. This builds upon the deep strategic relationship between Broadcom and Anthropic and illustrates the immediate size and capabilities of the Platform.

It also establishes a scalable framework for future deployments of XPU-based compute capacity and networking to enable frontier model training and inference at the lowest cost and lowest power, significantly lowering per-token delivery costs.

“We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape,” said Hock Tan, President and CEO, Broadcom Inc. “This strategic Platform with Apollo and Blackstone synchronizes the world’s most sophisticated capital with Broadcom’s advanced technological roadmap to meet this once-in-a-lifetime opportunity by enabling our rapidly scaling customers, starting with Anthropic, to realize their most ambitious AI visions with speed and certainty.”

“The sheer scale of the global AI opportunity requires a bold, collaborative model,” said Jim Zelter, President, Apollo. “Our investment in this Platform reflects our conviction in Broadcom’s technology leadership and Anthropic’s frontier roadmap. We are proud to deliver the capital foundation that allows this ecosystem to scale efficiently.”

Jon Gray, President, Blackstone, added: “The demand for compute has created an unprecedented opportunity to invest at scale across the AI infrastructure ecosystem, including providing financing through our credit and insurance business. We are proud to support this powerful combination of Broadcom’s exceptional technology and Anthropic’s pioneering models.”

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

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.

Contacts
For Broadcom:
Press.relations@broadcom.com

Ji Yoo
Investor Relations
650-427-6000
investor.relations@broadcom.com

For Apollo:
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

For Blackstone:
David Vitek
David.Vitek@Blackstone.com
(212) 583-5291

Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements regarding Broadcom’s establishment of the AI XPV Platform with Apollo and Blackstone to enable gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs and the timing of the enablement. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions, and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global political and economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; fluctuations in the timing and volume of significant customer demand; ability to make successful investments in research and development and successfully expand Broadcom’s business strategy or adopt Broadcom’s new business models; ability to continue winning business and the timing of such wins; dependence on contract manufacturing and outsourced supply chain; dependency on a limited number of suppliers; dependence on senior management and the ability to attract and retain qualified personnel; ability to protect against cybersecurity threats and a breach of security systems; ability to accurately estimate customers’ demand and adjust the manufacturing and supply chain accordingly; ability to improve manufacturing capacity and quality; involvement in legal proceedings; quarterly and annual fluctuations in operating results; Broadcom’s competitive performance; ability to maintain or improve gross margin; ability to protect Broadcom’s intellectual property and the unpredictability of any associated litigation expenses; significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Broadcom’s filings with the Securities and Exchange Commission (SEC) are available without charge at the SEC’s website at https://www.sec.gov and include some important risk factors that may affect future results. Broadcom undertakes no intent or obligation to publicly update or revise the forward-looking statements made in this announcement, except as required by law.

(AVGO-Q)

Categories: News

Tags: artificial intelligence (AI) Cloud

Apollo Leads $35 Billion Capital Solution for Broadcom AI XPV Platform in Partnership with Blackstone and Leading Global Banks

admin June 9, 2026

Initial Investment to Accelerate Anthropic’s Compute Capacity as Part of Broader Global AI Infrastructure Platform

NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates are leading an initial $35 billion capital solution as part of Broadcom’s new AI XPV Platform (the “Platform”), in partnership with Blackstone (NYSE: BX) and leading global banks. The Platform is designed to enable over 20GW in compute capacity for leading frontier AI labs through 2028. The initial transaction is the product of a deeply collaborative relationship between Apollo and Broadcom, designed to deliver committed, certain capital across a multi-year draw schedule. It will facilitate Anthropic’s previously announced capacity expansion of more than 1GW of compute infrastructure for training and inference starting in mid-2026.

The Platform represents a new model for mobilizing institutional capital at the scale required to meet the infrastructure demands of AI innovation, pairing some of the world’s most advanced silicon and networking solutions with long-term, flexible capital to accelerate compute deployment across the frontier AI ecosystem. Apollo and Blackstone’s participation as primary capital partners reflects the growing role that private capital is playing in financing the digital infrastructure buildout underpinning the broader Global Industrial Renaissance.

Apollo Partner Jamshid Ehsani said, “Broadcom and Anthropic are world-class companies operating at the frontier of technological innovation, and we are proud to have led the largest private financing ever executed. Committing significant investment grade capital as a principal investor alongside our partners, this transaction reflects the scale and flexibility of Apollo’s balance sheet and the power of our integrated platform across High-Grade Capital Solutions, Apollo Capital Solutions and ATLAS SP Partners to structure a solution that met the needs of every party involved. AI compute is rapidly emerging as one of the most compelling new asset classes in finance, characterized by contracted cash flows, mission-critical utility and a supply-demand dynamic that continues to intensify. As hyperscalers and frontier AI labs work to secure the computing power necessary to train and deploy next-generation models, the demand for flexible, large-scale financing requires new capital solutions. We look forward to building on this model as companies advancing AI infrastructure come to market with their most ambitious capital needs.”

Won Kim, Head of Corporate Development and AI Infrastructure Partnerships at Broadcom, said, “The demand for AI compute is growing faster than traditional capital markets can accommodate, and this initial transaction, led by Apollo, demonstrates what becomes possible when world-class technology is paired with a partner of that caliber.

“Built on a deeply collaborative relationship, this transaction serves as the first pillar of the XPV Platform. We look forward to scaling it alongside Apollo, Blackstone and our broader partner group as the AI infrastructure buildout accelerates.”

Advisors

Apollo was advised by Goldman Sachs, Wells Fargo and Citi on the transaction. With respect to the A1 tranche, Wells Fargo is serving as Global Coordinator, Joint Bookrunner and Joint Lead Arranger and BNP Paribas, Citi and UBS are serving as Joint Bookrunners and Joint Lead Arrangers. Goldman Sachs, Bank of America and Morgan Stanley are serving as Joint Placement Agents on the A2 tranche. Latham & Watkins LLP is serving as lead legal counsel to Apollo, with Paul, Weiss, Rifkind, Wharton & Garrison LLP as special counsel to Apollo, and PwC providing accounting advisory to Apollo. Milbank LLP is serving as investors’ counsel for the transaction.

Morgan Stanley is serving as lead advisor to Broadcom; JPMorgan Chase is serving as co-advisor. Sullivan & Cromwell LLP is serving as legal counsel to Broadcom.

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.

Contacts

For Apollo:

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

Categories: News

Tags: artificial intelligence (AI) Cloud

EQT and Google Accelerate AI Adoption for Global Businesses

admin May 28, 2026

New partnership will bring Google Cloud’s agentic AI platform, models, and architecture to more than 300 EQT portfolio companies worldwide

Global private markets firm EQT and Google Cloud today announced a new partnership poised to accelerate AI transformations among EQT’s 300-plus global portfolio companies.

Through the partnership, EQT will provide its portfolio companies with streamlined access to technology and expertise to help them more rapidly build and deploy AI agents across their businesses. This includes access to Google Cloud’s AI stack, including its Gemini Enterprise Agent Platform; a broad choice of Gemini models; leading AI architecture; cybersecurity capabilities from Mandiant and Wiz to deploy AI safely; and sovereign cloud and AI solutions to ensure compliance with data residency and governance requirements. In addition, EQT and its portfolio companies will benefit from early access to select future Google Cloud AI products for more rapid prototyping and testing.

Forward-deployed engineers from Google will also partner closely with EQT’s internal AI transformation team in order to more rapidly deploy these technologies, securely and safely, within EQT’s portfolio. Furthermore, EQT and its portfolio companies will benefit from access to Google Cloud’s ecosystem of partners, including more than 330,000 trained Google AI experts from global consulting firms like Accenture, Capgemini, Cognizant, Deloitte, HCLTech, KPMG, McKinsey, PwC, TCS, and more.

EQT has long viewed AI and data as a strategic capability both within the firm and across its portfolio companies, embedding digitization technology into its investment and value-creation approach. For more than a decade, the firm has actively built the expertise to support businesses in applying AI across areas including operations, product development, and customer engagement. Through this new partnership, Google Cloud is well-positioned to further accelerate these efforts with access to leading AI architecture, models, and capacity.

In addition to technology and expertise required to effectively build and run AI agents at scale, software companies in EQT’s portfolio will benefit from new routes-to-market for their own products. This includes streamlined onboarding to Google Cloud’s Marketplace and expanded enterprise reach through Google Cloud’s co-sell initiatives.

“We have invested significantly in building our own internal AI and data expertise across EQT, both to strengthen our own platform and to support value creation across the portfolio,” said Bert Janssens, Co-Head of Private Capital Europe & North America at EQT. “By partnering with Google Cloud, we are expanding access to the technology, architecture, and expertise our companies need to accelerate AI adoption responsibly, and at scale, while helping management teams future-proof their businesses to be more adaptive, resilient, and competitive in an increasingly AI-driven economy.”

“Agentic AI presents an important opportunity for businesses to operate more efficiently and ultimately to deliver better outcomes for their end customers,” said Karthik Narain, Chief Product and Business Officer at Google Cloud. “Already, EQT has been dedicated to helping their portfolio companies adapt for the AI era. This partnership will ensure these businesses will have access to the technology, expertise, and platform needed to accelerate their transformations, safely and securely.”

EQT’s portfolio companies have significantly increased their use of Google products in recent years. For example, portfolio companies, including Believe, Epidemic Sound, Keyword Studios, and Zooplus, are all using Google Cloud AI. This partnership will ensure these firms – and many others – can more rapidly and securely become AI-first companies with technology, support, and services from both EQT and Google Cloud.

Contact

EQT Press Office, press@eqtpartners.com

Downloads

About EQT

EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Google Cloud

Google Cloud offers a powerful, optimized AI stack — including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications — that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

Categories: News

Tags: artificial intelligence (AI)

KKR Invests in Fresha, the Leading AI-Powered Platform for Beauty and Wellness, at $1bn Valuation

admin May 21, 2026

LONDON–(BUSINESS WIRE)– Fresha, the leading AI-powered marketplace and business management platform for the beauty and wellness industry, today announced an $80 million primary growth investment from funds managed by KKR, a leading global investment firm. The transaction values Fresha at over $1 billion, marking a defining milestone in its mission to transform how self-care businesses operate globally.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260521291161/en/

From left to right: Marcin Dąbrowski (Deputy Chief Product Officer); Nick Miller (Co-Founder and Chief Product Officer); William Zeqiri (Founder and CEO); and Paweł Iwanów, (Chief Payments Officer).

The investment brings Fresha’s total capital raised to date to $285 million. Already profitable, Fresha will deploy the new funding to accelerate global expansion and fuel next-generation product and AI innovation.

Headquartered in London and founded in 2015 by William Zeqiri and Nicholas Miller, Fresha is one of the fastest-growing beauty and wellness platforms in the world, with leading market positions in the United Kingdom, Australasia, and the GCC, and a rapidly growing presence across North America, Continental Europe, and South East Asia.

Fresha is used by over 130,000 beauty and wellness businesses globally across key verticals including hair, beauty, barbering, nails, aesthetics, wellness, fitness, and spa. The platform facilitates more than 35 million appointments per month and over $15 billion in annual GMV, positioning Fresha as one of the largest and most scalable platforms in the global beauty and wellness economy.

Patrick Devine, Partner and member of KKR’s Tech Growth team, said: “Fresha has built a differentiated platform, combining software, financial services, and marketplace capabilities with embedded AI, in a way that is deeply integrated into daily operations of beauty and wellness businesses. We believe the company is well positioned to continue scaling globally as demand grows for modern, vertical-specific technology solutions.”

Marta Szczerba, Director in KKR’s Tech Growth team, added: “We have followed William and the broader management team over the years, and have been highly impressed with the consistent performance they have been driving at Fresha. The team have been on the front-foot in implementing AI in a way that drives meaningful business outcomes, and we are thrilled to be embarking with them on the next chapter of Fresha’s journey.”

William Zeqiri, Founder and CEO of Fresha, said: “Reaching unicorn status is a proud milestone, but more importantly, this investment is a strong testament to the trust our partners place in Fresha every day. KKR brings deep experience scaling category-defining technology companies, and their conviction in our vision gives us tremendous confidence as we enter this next chapter. With KKR’s support, we will be able to further accelerate our global expansion and invest heavily in AI to transform how beauty and wellness businesses operate worldwide.“

Nicholas Miller, Co-Founder and Chief Product Officer of Fresha, said: “From day one, our obsession has been building software that beauty and wellness professionals genuinely love using. Every feature we ship is shaped by the people running these businesses — the salon owners, the stylists, the spa operators. This round reinforces what our customers have been telling us for years: Fresha delivers one of the most complete, intuitive, and valuable platforms in the industry. KKR’s investment gives us the resources to push that even further, particularly in AI, where we see enormous potential to remove operational friction and unlock new revenue for our partners.“

KKR is making the investment in Fresha through its Next Generation Technology Growth strategy, building on the firm’s established track record in technology investing, including recently announced investments Reserv, Coder and Premialab.

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.

About Fresha

Fresha is the world’s leading and top-rated AI-powered booking platform for the beauty, wellness, and self-care industry, trusted by millions of consumers and businesses worldwide. For consumers, Fresha offers a seamless way to discover, book, and pay for beauty and wellness services with top local professionals. For businesses, Fresha provides an all-in-one platform that streamlines operations, from appointment management to client engagement, helping businesses grow effortlessly with powerful software, integrated payments, financial services and advanced technology solutions. For more information, please visit Fresha’s website at www.fresha.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521291161/en/

Media contacts
KKR
Julia Leeger / Eleanor Coppock
Media@kkr.com

Fresha
James Hayward-Browne
james.haywardbrowne@fresha.com

Source: KKR

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Categories: News

Tags: artificial intelligence (AI)

The AI-Native Enterprise Services Firm Backed by Anthropic, Blackstone, and Hellman & Friedman Announces Acquisition of Fractional AI

admin May 21, 2026

San Francisco, CA – May 21, 2026 – The recently announced AI-native enterprise services firm led by Anthropic, Blackstone, Hellman & Friedman, and others to help mid-size companies bring Claude into their core operations, today announced the acquisition of Fractional AI, a leading applied AI services company based in San Francisco. Fractional AI’s team and delivery capabilities will serve as the founding operational centerpiece of the new company.

Fractional AI was founded in 2024 by Chris Taylor, Eddie Siegel, and Travis May, and has quickly become a top destination for the industry’s best applied AI engineers. Built by a team with deep entrepreneurial and technical experience, Fractional AI has evolved into one of the go-to end-to-end AI implementation partners for enterprises. The team is world class at helping businesses across industries understand where AI fits, and how to choose and implement the right technologies for specific teams and functions. Fractional AI’s engineering team will work with Anthropic’s Applied AI organization from day one, enabling collaboration and close technical alignment to guide clients’ AI transformation.

The new AI-native enterprise services company is backed by a consortium of leading alternative asset managers including Goldman Sachs, General Atlantic, Leonard Green & Partners, Apollo Global Management, GIC, and Sequoia Capital.

“Bringing frontier AI into a business takes more than a great model,” said Garvan Doyle, a leader in Anthropic’s Applied AI organization. “It takes the engineering judgment to rebuild real systems around what’s now possible, and Fractional has assembled a team with exactly that capability. We’re excited to be working alongside this team as they help enterprises put Claude to work.”

Chris Taylor, CEO, and Eddie Siegel, CTO, at Fractional AI, said: “Rewiring the economy for AI is going to be one of the biggest value creators of the coming decades, but most businesses need help realizing this opportunity. Our team of AI engineers and former founders thrives on building transformative end-to-end solutions. We’re excited to team up with Anthropic, Blackstone, and Hellman & Friedman to close the multi-trillion-dollar gap we see between where businesses operate today and where they can be.”

Rodney Zemmel, Global Head of the Operating Team at Blackstone, said: “We have built a strong relationship with Fractional AI through their work across the Blackstone portfolio, and it’s clear they are a magnet for elite, applied AI engineers. Blackstone has spent years studying where AI creates durable value, and we believe the answer hinges on execution capability – the caliber of the team, the depth of their technical judgment, and their ability to change how a business operates. The opportunity ahead is one of the largest we have seen – and we believe there is no better team to serve as our nucleus for growth than Fractional.”

Tarim Wasim, Partner at Hellman & Friedman, said: “Anthropic’s frontier models are genuinely unmatched in the enterprise. Unlocking their full potential takes expertise and judgment to redesign systems around what’s newly possible. H&F has scaled some of the world’s leading services businesses, and it was clear from Fractional AI’s success in our portfolio that they are the right foundation for building a category-defining AI services firm.”

Terms of the Fractional AI acquisition were not disclosed.

About Anthropic
Anthropic is a frontier AI company whose mission is to steer the trajectory of AI to advance human progress. We are best known for building Claude, the intelligence platform trusted by millions of people and businesses worldwide. Anthropic is a public benefit corporation—a for-profit committed to operating in service of social and public good—and controlled by a Long-Term Benefit Trust, a group of independent experts in AI safety, national security, public policy, and social enterprise.

About Hellman & Friedman
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. H&F was founded in 1984 and has over $115 billion in assets under management as of December 31, 2025. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

Contacts
Anthropic
press@anthropic.com

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com

Hallie Dewey
Hallie.Dewey@Blackstone.com

Hellman & Friedman
FGS Global
H&F-US@fgsglobal.com

Categories: News

Tags: artificial intelligence (AI)

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