Home / Debt map / Apollo and Blackstone chip vehicle for Anthropic
Apollo and Blackstone chip vehicle for Anthropic
A vehicle raises debt and equity in three tranches and leases chips to Anthropic. If Anthropic defaults and the chips sell for less than what's owed, Broadcom covers the gap for senior noteholders.
- Size
- $35B · Debt and equity together. The split isn't stated.
- Date
- · Finalised the week before; reported Jun 10.
- Type
- Chip lease vehicle
- Status
- Closed
Who does what
- Apollofinances the vehicle
- Blackstonefinances the vehicle
- Broadcomsupplies the chips and supports their residual value
- Anthropicleases the chips
- Fluidstackoperates the first 1 GW of sites
What we don’t know
- The vehicle's name
- The debt and equity split
- Lease terms
Sources
- Inside the $35bn deal: Apollo and Blackstone's chip-backed SPV for Anthropic signals a new financing era Capacity · Jun 10, 2026
We opened each of these on Oct 30, 2026.
See it on the debt map. Not financial advice.