AI Infrastructure

Infrastructure managers are raising ever-larger funds to acquire power plants and grid assets, betting that electricity will become one of the scarcest commodities of the AI era.

Sponsors who spent years building AI infrastructure exposure are now using continuation vehicles to avoid selling what they believe is still appreciating.

A historic, debt-fueled data center build-out is reshaping tech—and pushing private credit into systemically important territory. Critics warn the math may not add up.