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Non-public lending exposure offering higher yield than public bonds in exchange for illiquidity, increasingly packaged for retail investors.
VestGen Wealth Partners, a 19-firm advisor platform with $8.5 billion in assets, has taken growth capital from private credit firm Willow Tree. Its chief executive's own quote puts the 19 firms at $7.5 billion, $1 billion below that total.
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CoreWeave co-founder Brannin McBee told the Financial Times the company wants insurers' "unlimited" capital to reach 8 GW by 2030. Insurers can buy chip-backed loans only with investment-grade ratings, and the 2032 bond closed at 14.5% on October 13.
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Waymo closed a $5 billion term loan, its first debt financing, with Goldman Sachs as sole lead bookrunner. Waymo said proceeds will fund expansion in the US and abroad. The rate, maturity and collateral were not published.
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SpaceX is seeking $40 billion from Apollo and banks for Nvidia GPUs through private credit, after its $25 billion June bond slid to a junk spread. Demand for AI paper is still deep, but the collapse of the Firmus IPO shows the appetite has limits.
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Waymo closed a $5bn loan from Pimco, Blackstone and Sixth Street, the first debt the Alphabet-owned robotaxi company has taken on. The money pays for more cars in cities it already serves and for launches abroad, and as a term loan it has to be repaid whatever the ride numbers turn out to be.
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SpaceX is seeking $40 billion in Apollo-led debt to buy Nvidia chips, $30 billion of it investment-grade, the Financial Times reported. The deal would close in 2027, the year most of its $28 billion in AI commitments come due.
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Broadcom is arranging more than $50 billion in financing for OpenAI's Jalapeno chip, according to Bloomberg. The talks have not settled a borrower or security, so the risk of a chip still in development could sit with OpenAI, Broadcom or the lenders.
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Blue Owl's co-CEOs ruled out a management buyout even after private-credit redemptions sent the shares down 70%. Semafor argued lending is unlikely to power growth again, so public holders are relying on the firm's business as a landlord to AI data centers.
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NUVA's HOME token gives non-US investors a stake in a pool of US home-equity loans from 1 USDC, targeting 7% a year. Holders face no lockup and absorb pool losses beyond a first-loss buffer of about 5% of the vault's value.
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Memorandums with Apollo, BlackRock, Blackstone, Brookfield, Goldman and KKR carry no terms or timetable, and NVIDIA has reserved an option to backstop up to $125 billion of the deals.
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FS KKR marks loans to janitorial firm Kellermeyer, whose shares are written down to nothing, from about 10 cents to nearly 100 cents on the dollar. Investor suits against FS KKR, Ares and Blue Owl say fees tied to asset values keep marks high, a charge the firms dispute.
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JPMorgan counts $65 billion of US leveraged loans trading below 60 cents on the dollar, up from $40 billion a year ago and the most since March 2020. Lenders to tech and software borrowers are taking the losses through prices and debt swaps while recorded defaults stay low.
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Blackstone is taking $9 billion of the $18 billion junior debt in a $60 billion package funding Broadcom chips that Anthropic will lease. How fast it sells the other $9 billion will show whether lenders still want hardware whose rent rests largely on one tenant.
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Broadcom backs the roughly $30 billion senior slice of Apollo and Blackstone's TPU lease financing for Anthropic, Crypto Briefing reports. If that holds, a chip designer is carrying an AI lab's credit risk and the resale value of TPUs it helped design.
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Sharon AI signed a $356m loan facility at a fixed 9.95% with Goldman Sachs and private credit funds, secured on its GPUs and their contract cash flows. Fees come on top, so 9.95% is the least Sharon AI pays to fund chips its customers have already contracted for.
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Dune's Q3 report puts tokenized credit at 76%, about $1.61 billion, of the real-world collateral in DeFi lending. Holders borrow against credit for its yield, and part of that yield comes from loans to crypto firms.
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Singapore's central bank says record bond sales by large tech firms are competing with government borrowing for long-duration capital. It counts the sector's own borrowing among the forces raising the hurdle rate its AI projects have to clear.
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Columbia's Stijn Van Nieuwerburgh estimates the US AI build at $10.3 trillion through 2032, needing $3.7 trillion a year in revenue to pay off. The bar is 37 times the roughly $100 billion OpenAI and Anthropic book today, a gap the model gives about seven years to close.
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MOUs with six large asset managers aim to mobilize more than $500 billion for AI factories. Nothing is funded yet, but the underwriting model already changes who sets compute prices.
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One month erased more than a third of the firm's year-to-date trading revenue, according to a single report. The financing response narrows who gets to see the numbers.
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Product · August 20, 2026 · Confirmed2 publishers