The asset management giant, along with Wall Street titans Apollo, BlackRock, Blackstone, Goldman Sachs and KKR, is partnering with Nvidia to raise more than US$500 billion in third-party capital to help the chip company’s customers finance AI infrastructure. (The Logic)

Talking point: The initiative is expected to focus on debt financing, with computing equipment potentially serving as collateral, Bloomberg reported. The arrangement could shift more of the financial burden of the AI infrastructure boom—and therefore the risk—from Nvidia and its customers to private credit and other institutional investors. Nvidia, however, could still backstop up to 25 per cent of individual loans, according to CEO Jensen Huang. “Our role is to help unlock a very large pool of independent capital while maintaining disciplined risk exposure,” he wrote on X. For Brookfield, the deal deepens a rapidly expanding partnership with Nvidia. Last month, the firm agreed to provide up to US$9 billion to finance an Nvidia-powered AI infrastructure project with South Korea’s Naver, part of Brookfield’s roughly US$100-billion AI infrastructure portfolio.  

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