Apollo to Deploy $35 Billion for Broadcom AI Platform Enabling 20 GW Compute
APO•Apollo-managed funds are leading a $35 billion initial capital solution for Broadcom’s AI XPV platform alongside Blackstone and global banks, enabling over 20 GW of frontier AI compute capacity through 2028. The financing will fund Anthropic’s expansion of more than 1 GW of training and inference infrastructure starting mid-2026.
1. Deal Overview
Apollo-managed funds and affiliates are spearheading a $35 billion initial capital solution for Broadcom’s AI XPV Platform, joining Blackstone and global banks. The transaction is structured across a multi-year draw schedule to provide committed, certain capital.
2. Platform Details
The AI XPV Platform is designed to enable over 20 GW of compute capacity for leading frontier AI labs through 2028, pairing Broadcom’s silicon and networking solutions with long-term financing. The initial tranche will support Anthropic’s expansion of more than 1 GW of compute infrastructure for training and inference beginning in mid-2026.
3. Strategic Positioning for Apollo
This landmark financing represents the largest private investment-grade capital deployment in AI infrastructure to date, highlighting Apollo’s deep balance sheet and integrated platform capabilities. It establishes a blueprint for future collaborations in the AI compute financing market and underscores Apollo’s role in emerging asset classes characterized by contracted cash flows.





