Broadcom Apollo Blackstone 35 billion debt financing Anthropic OpenAI compute platform
Private credit is moving to the center of the AI buildout. Apollo $APO and Blackstone $BX closed a $35B debt deal for Anthropic on June 9, with Broadcom $AVGO backing the senior tranches. The wider platform targets over 20GW of compute through 2028 for Anthropic and OpenAI. Per R
Private credit is moving to the center of the AI buildout. On June 9, Apollo $APO and Blackstone $BX finalized a $35 billion debt financing for Anthropic, with Broadcom $AVGO providing payment support on the largest senior portions of the debt. The financing is part of a wider strategic platform in which Broadcom is teaming with the two investment firms to deploy more than 20 gigawatts of compute capacity through 2028 for leading AI labs, including Anthropic and OpenAI. According to reporting carried by Reuters, the capacity is set to come online at sites operated by Fluidstack starting in mid-2026, with the capital funding custom chips from Google $GOOGL that Anthropic will lease rather than buy outright. The structure matters because it shows how the cost of frontier AI is being shifted off the balance sheets of the labs and onto large pools of private debt arranged by asset managers. For Broadcom, it deepens a role that goes beyond selling silicon into financing the infrastructure its chips will run on. For the broader market, it signals that the scale of AI capital spending now requires the kind of financing once reserved for energy and telecom megaprojects.