Apollo leads $35 billion capital solution for Broadcom's AI XPV Platform to enable over 20GW in compute capacity through 2028

Apollo-managed funds and affiliates are leading an initial $35 billion capital solution as part of Broadcom's new AI XPV Platform, in partnership with Blackstone and leading global banks. The Platform is designed to enable over 20GW in compute capacity for leading frontier AI labs through 2028.

The initial transaction will facilitate Anthropic's previously announced capacity expansion of more than 1GW of compute infrastructure for training and inference starting in mid-2026. The Platform pairs advanced silicon and networking solutions with long-term, flexible capital to accelerate compute deployment across the frontier AI ecosystem.

Apollo Partner Jamshid Ehsani stated that AI compute is emerging as a new asset class characterized by contracted cash flows, mission-critical utility, and intensifying supply-demand dynamics, with the transaction representing the largest private financing ever executed in this domain.