Apollo names new leadership to chase repeat AI infrastructure megafinancings after 35B Broadcom deal
Apollo Global Management $APO is working to turn its $35B Broadcom AI financing deal into a repeatable business, naming new leadership to chase further AI infrastructure megafinancings. The Broadcom deal, done with Blackstone, backs AI chip capacity tied to Anthropic's compute bu
Apollo Global Management $APO is working to turn its record $35 billion Broadcom AI financing deal into a repeatable business model, naming new leadership to coordinate future megafinancing deals with chipmakers and other companies at the center of the AI buildout. The original transaction, led by Apollo alongside Blackstone and several global banks, provided a capital solution for Broadcom's AI XPV platform, which is designed to support more than 20 gigawatts of compute capacity for frontier AI labs through 2028 and is tied to Anthropic's chip expansion. It was one of the largest private credit financings completed to date. Apollo's president has said funding the AI buildout will require tapping all the markets, not just traditional bank lending. The move to formalize a team chasing repeat deals signals that private credit firms are becoming a structural part of how AI infrastructure gets funded, shifting risk that once sat on regulated bank balance sheets into less transparent private credit vehicles.