Apollo leads $35B post-IPO debt financing for Broadcom's AI platform
What's the deal? Apollo Global ManagementDealroom has a profile for this one. Try Dealroom → has led a $35 billion post-IPO debt financing for Broadcom, the firm's president Jim Zelter confirmed in June 2026.
The money will fund Broadcom's AI platform, which supports Anthropic's compute expansion.
Why now? Demand for AI compute is surging, and chipmakers need vast capital to keep pace.
Anthropic, one of the leading AI labs, is racing to expand its computing power. Broadcom's platform is central to that effort.
What could go wrong? A $35 billion debt deal hinges on healthy credit markets and steady AI demand.
If compute demand cools or borrowing costs climb, the bet could sour.
The signal: Apollo, an investment fund, is channelling private credit into late-stage chip infrastructure, a sign that traditional debt financing is becoming central to the AI compute race. Backing Broadcom's platform — which underpins Anthropic's expansion — places Apollo at the heart of the capital-intensive scramble to meet surging compute demand.
Read more: CNBC
