Who are the parties involved in the deal?

The parties are Apollo Global Management and Blackstone as financiers, Anthropic as the recipient, and Google as the supplier of TPUs.

What is the purpose of the financing?

The financing will be used to purchase Google's custom TPUs, which Anthropic will use to train and run its AI models.

How does this deal affect Apollo and Blackstone shares?

No details on the impact on Apollo and Blackstone shares were provided, but it reflects their expansion into AI infrastructure financing.

Apollo, Blackstone Seal $35B Anthropic AI Deal

Apollo Global Management and Blackstone have finalized a $35 billion financing package for AI company Anthropic, according to Bloomberg. The deal, one of the largest private credit transactions on record, will fund Google's custom TPUs leased by Anthropic.

June 11, 2026

1 min read

Source: Insider Monkey

Key Numbers

deal value

$35 billion

In one of the largest private credit transactions on record, Apollo Global Management (NYSE:APO) and Blackstone (NYSE:BX) have finalized a $35 billion financing package for Anthropic, according to a Bloomberg report dated June 6, 2026.

Deal Details

Apollo and Blackstone will provide a $35 billion financing package to Anthropic. The funds will be used to finance Google's custom TPUs (Tensor Processing Units), which Anthropic will use to train and run its AI models.

Context

The deal comes amid growing demand for advanced computing infrastructure in the AI sector. Google's TPUs are among the most advanced chips on the market, used by companies like Anthropic to train large language models.

What It Means for Investors

The transaction highlights the increasing role of private credit in financing AI infrastructure projects. It also reflects strong institutional investor confidence in the long-term growth potential of the AI sector.

Frequently Asked Questions

The deal is valued at $35 billion, making it one of the largest private credit transactions on record.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.