Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution

Group 1 - Apollo has led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. to support its $5.4 billion acquisition and lease of data center compute infrastructure for xAI Corp, including NVIDIA GB200 GPUs [1][2] - The financing utilizes a triple net lease structure and aims to support one of the world's most powerful compute clusters for the development of xAI's AI model, Grok [1][3] - Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade due to increasing demand for compute capacity and AI workloads [4] Group 2 - NVIDIA has invested in VCI as an anchor Limited Partner, highlighting its commitment to the AI infrastructure space [2] - Apollo-managed funds and affiliates have deployed over $40 billion into next-generation infrastructure since 2022, including compute capacity and renewable energy [4] - Valor Equity Partners focuses on investing in high-growth companies and has approximately $55 billion of assets under management as of December 31, 2025 [7]