Source: NVIDIA Newsroom — 2026-08-10
Summary
Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to build off-balance-sheet financing platforms designed to mobilize more than $500 billion in third-party capital for AI data centers and power infrastructure built on Nvidia hardware. CEO Jensen Huang said he approached only these six firms and all six agreed, framing AI compute infrastructure as a new investable asset class rather than a traditional corporate capital expense.
Key Takeaways
- The structure is off-balance-sheet financing — debt-heavy investment vehicles that raise capital from institutional investors rather than Nvidia, its customers, or the six partner firms funding the buildout directly from their own balance sheets.
- These platforms are meant to serve AI labs, enterprises, and cloud providers who need data-center capacity but don't want to fund the capital expenditure themselves.
- Huang's framing to press was explicit: "these are revenue-generating assets now," positioning AI compute infrastructure the way real estate or toll roads have historically been pitched to institutional capital.
- All six named firms — spanning private equity (Apollo, Blackstone, KKR), asset management (BlackRock), infrastructure investing (Brookfield), and investment banking (Goldman Sachs) — agreed to participate, according to Huang, with none declining.
- The scale — over $500 billion in mobilized third-party capital — reflects how much of the current AI buildout is being structured through novel financial engineering rather than direct capital expenditure by the tech companies operating the infrastructure.