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Apollo Capital Management, L.P. / Apollo Global Management

Apollo leads $35B Broadcom AI XPV capital solution with Blackstone

June 9, 2026 primary Manager profile

Summary: Apollo said it led a $35 billion capital solution for Broadcom's AI XPV platform in partnership with Blackstone and leading global banks. Companion Apollo and Blackstone releases frame the same event as the launch of a strategic platform intended to accelerate more than 20 gigawatts of global AI deployments, beginning with a transaction tied to more than 1 gigawatt.

Why it matters: The update may matter to due-diligence readers as a large public private-credit and AI-infrastructure financing signal involving Apollo and Blackstone, while capacity, bank participation, financing economics, project execution, and investor outcomes should remain tightly attributed to transaction-party source materials.

9AT filing context: Blackstone is referenced at group level in the transaction announcements. SEC IAPD identifies Blackstone ISG-I Advisors L.L.C. as CRD 289202 / SEC file 801-111810, and Blackstone Management Partners L.L.C. as CRD 136979 / SEC file 801-64755. These adviser records do not establish the Blackstone legal entity or vehicle involved in the announced transaction. Numerical ADV, 13F and Form 5500 context is omitted.

Summary

Apollo said it led a $35 billion capital solution for Broadcom’s AI XPV platform in partnership with Blackstone and leading global banks. Apollo’s primary release supports the capital-solution framing; companion Apollo and Blackstone releases describe the broader Broadcom, Apollo, and Blackstone strategic platform for AI infrastructure deployment.

The companion releases say the platform launches with a $35 billion transaction tied to more than 1 gigawatt and is intended to accelerate more than 20 gigawatts of global AI deployments. Those figures and role descriptions should remain attributed to the Apollo and Blackstone source materials, not treated as independently verified infrastructure delivery, credit quality, or investment outcome.

Why it matters

For due-diligence readers, the useful signal is the scale and structure of a public private-credit / capital-solution announcement involving Apollo, Blackstone, Broadcom, and banks in the AI-infrastructure buildout. It may help readers track how large alternative-asset platforms are publicly positioning capital around hyperscale compute, power demand, data-center capacity, and corporate infrastructure partnerships.

The signal is bounded. The releases do not by themselves validate future capacity delivery, demand for AI deployments, bank exposure, debt/equity economics, fund-level allocations, risk transfer, investor returns, or Broadcom’s operating outlook. Those questions require later public disclosures, financing details, project milestones, and manager or issuer filings.

Source notes

9AT filing context

The transaction announcements refer to Blackstone at group level. SEC IAPD identifies Blackstone ISG-I Advisors L.L.C. (CRD 289202 / SEC file 801-111810) and Blackstone Management Partners L.L.C. (CRD 136979 / SEC file 801-64755) as separate advisers. Neither adviser record establishes which Blackstone legal entity or vehicle participated in the announced transaction.

Numerical ADV context is omitted because the earlier platform-scale figures have not been verified for the correct adviser and reporting scope. No 13F or Form 5500 figures are used. This omission does not imply that filings are absent and does not establish transaction exposure, financing terms, project delivery or investment outcomes.

Correction (November 1, 2026): An earlier version incorrectly paired Blackstone Management Partners L.L.C. with CRD 289202 / SEC file 801-111810, which SEC IAPD identifies as Blackstone ISG-I Advisors L.L.C. The filing context now distinguishes the advisers and omits unverified platform-scale figures. The original announcement date and transaction summary are unchanged.

What to watch

Watch for follow-up public disclosures that clarify final financing structure, named bank roles, transaction closing milestones, debt/equity mix, collateral or project-level economics, and the specific Apollo or Blackstone vehicles involved.

Also watch for Broadcom, Apollo, Blackstone, utility, power, permitting, or data-center milestone updates that show whether the announced strategic platform moves from financing and launch language into deployed capacity. Any future capacity or demand claims should remain source-attributed unless supported by independent public evidence.

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