Map / Money and funders
Private credit funds
Private credit funds (Blue Owl, Apollo, Blackstone, Pimco, Diameter, Eagle Point and others). Non-bank lenders funding data centers and GPU purchases, often through special-purpose companies so the debt stays off the tech companies' balance sheets.
Depends on
No sourced links yet.
Supplies
- Anthropic: A chip-backed special-purpose company arranged by Apollo and Blackstone for Anthropic's compute (reported as $35B or $36B). Loan, up to $35B. Ugebrev Investor, 2026-06-13
- SpaceXAI (xAI): Up to $12.5B of debt (Apollo, Diameter) to a special-purpose company that buys Nvidia GPUs for xAI's Colossus 2 and rents them to xAI. Loan, up to $12.5B. Free Malaysia Today (Bloomberg report), 2025-10-08
AI money
Estimates made 2025 to September 2026
Where the money comes from
Nothing sourced yet.
Where it goes
| What | Amount | Period | Detail and source |
|---|---|---|---|
| Other to SpaceXAI (xAI) | up to $12.5B | October 2025 | Up to $12.5B of debt (Apollo, Diameter Capital) to a special-purpose company that buys Nvidia chips and rents them to xAI for five years. It is part of a $20B raise that also had about $7.5B of equity (Valor-led) and up to $2B from Nvidia. Free Malaysia Today (Bloomberg report), 2025-10-08 |
Money flows with other companies
| Money from | Money to | Type | Amount | What, and source |
|---|---|---|---|---|
| Private credit funds | Anthropic | Loan | up to $35B | A chip-backed special-purpose company arranged by Apollo and Blackstone for Anthropic's compute (reported as $35B or $36B). Staged. About $15B reportedly available by early 2027 Ugebrev Investor, 2026-06-13 |
| Private credit funds | SpaceXAI (xAI) | Loan | up to $12.5B | Up to $12.5B of debt (Apollo, Diameter) to a special-purpose company that buys Nvidia GPUs for xAI's Colossus 2 and rents them to xAI. Five-year chip rental Free Malaysia Today (Bloomberg report), 2025-10-08 |
Amounts in US dollars. "Up to" amounts are maximums or depend on conditions. See Does it add up? for the full picture.
Data as of 2026-10-30. Cite as: Ye, Mike. "Private credit funds" (private-credit). AI Lattice, dataset v0.3.0. https://ailattice.ai/e/private-credit/. How to cite.