Broadcom is raising $70–80 billion in debt (likely to reach $100B total) through a special-purpose vehicle (SPV) to finance AI data center buildout, with capital earmarked for Anthropic and other AI companies. The senior tranche is approximately $45 billion; the junior tranche is about $35 billion. Blackstone and Apollo Global Management are among the firms in talks to participate, according to reporting from Bloomberg and confirmed by CNBC on Thursday.
This is part of a broader Broadcom AI infrastructure financing strategy. In June, Broadcom announced a new AI platform designed to enable 20 gigawatts of compute for Anthropic and OpenAI, backed by a $35 billion initial financing led by Blackstone and Apollo. The new $70–80B raise extends that commitment and reflects the exponential capex demands of frontier model scaling.
Context: NVIDIA separately disclosed this week that it will provide up to $105 billion in financing for a new OpenAI data center in Ohio. NVIDIA is also partnering with six large asset managers on a separate $500 billion financing push designed to treat compute infrastructure as a new asset class. Together, these moves signal a fundamental shift: hyperscalers and chip companies can no longer self-finance AI buildout and are tapping the debt and structured-finance markets at record scale.
For investors: Record-scale debt financing for AI data centers is now a fixture of the capex cycle. This de-risks chip manufacturer order books (Broadcom, NVIDIA) by securitizing the demand and shifting capital risk to asset managers. Monitor pricing on these debt tranches for signals about market confidence in AI cloud ROI.