Apollo and Blackstone Launch $35 Billion Private Credit Deal for AI Infrastructure

Apollo Global Management and Blackstone are structuring a $35 billion financing arrangement tied to Broadcom for AI infrastructure development, which would rank among the largest private credit transactions ever assembled. The deal compresses what would ordinarily be a multi-year public market financing programme into a single bilateral or small-club arrangement, signalling where the largest pools of non-bank capital are being directed as AI infrastructure buildout accelerates.