Athene presents investment-grade credit strategy for financing AI infrastructure
APO•Athene said it holds $12.9 billion in digital infrastructure investments, about 3% of gross invested assets, with roughly 92% of the portfolio investment grade. It cited $3.6 billion in chip financing and another $3.6 billion in secured debt backed by investment-grade counterparties.
1. Investment strategy
Athene said its digital infrastructure strategy emphasizes secured investment-grade credit and targets a 100-200-basis-point spread premium over comparable publicly traded debt. Direct neocloud investments account for less than 0.1% of its $12.9 billion portfolio.
