By Madeline Shi, Rod James
Publication Date: 2026-08-10 23:16:00
Amid growing doubts about whether the AI infrastructure market is experiencing overbuilding, Wall Street’s largest money managers appear to believe the answer is no.
A consortium led by private equity heavyweights, including Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR, is working with Nvidia to assemble a $500 billion funding package for AI infrastructure development, the Financial Times reported.
The negotiations are the latest signal of the industry’s big names’ continued voracious appetite to bankroll the physical buildout needed for AI’s growth, despite doubts in recent quarters about whether the unabated growth in AI infrastructure spending can be sustained.
Recent concerns were voiced by bankers with Houlihan Lokey, who noted that a small number of managers own the AI infrastructure businesses that will “drive the next wave of platform-scale exits,” raising questions about how some of these mammoth businesses will find buyers.
“Only a handful of institutions globally can write equity checks above $2 billion,” they wrote in a recent report, adding that the only supersized data center platform that changed hands in 2025 was the Aligned Data Centers, which Macquarie Asset Management agreed to sell at a roughly $40 billion enterprise value.
Specialist digital infrastructure funds, which invest exclusively in data centers and telecom buildouts, collected $26…
