Financing the buildout

Infrastructure investor that owns power and data centre assets, and runs a $100B AI infrastructure program.

AI infrastructure program of up to $100B, with $10B equity target and $5B committed (launched with Nvidia and KIA)

private credit fund

Took 80% of Meta's Hyperion data centre joint venture

buy the bonds

BlackRock took $3B of the Hyperion bonds

US data centre operator owned by Blackstone, and one of the largest in the country.

Blackstone bought QTS for about $10B in 2021

Alternative asset manager that lends against GPU fleets and data centres, often through leases.

Committed $3.5B toward a $5.4B deal for Nvidia chips leased to xAI (reported)

World's largest asset manager, which buys AI infrastructure debt and owns GIP, a buyer of data centres.

Bought $3B of the Hyperion bonds (US press reports)

Largest alternative asset manager, with a large data centre platform through QTS and others.

Data centre platform about $185B including projects under construction (Q2 2026, internal valuation)

Abu Dhabi AI investment fund, backing Stargate and AI data centres in the US, UAE and Europe.

Reported to have closed nearly $50B from investors in July 2026, targeting $100B

Japanese investor with a large OpenAI stake and a role in the Stargate project.

Completed a $41B investment in OpenAI for about an 11% stake (Dec 2025)

Vehicle that buys Nvidia GB200 chips and leases them to an xAI subsidiary, financed by Apollo.

Apollo committed $3.5B toward a $5.4B deal (reported)

arranges the debt

Arranged over $27B for Hyperion

Data centre developer, and Blue Owl's data centre arm, seeking a large loan to fund its builds.

Asia operations could sell for more than $30B (Bloomberg, May 2026, not finalised)

BlackRock-owned infrastructure investor that is part of the group buying Aligned Data Centers with MGX.

Part of a group buying Aligned Data Centers, reported at about $40B

US bank that lends to data centre builders, including construction loans alongside private funds.

Sovereign wealth fund that co-backs Brookfield's AI infrastructure program.