Apollo Leads $35 Billion Capital Solution for Broadcom AI XPV Platform

Paul, Weiss is advising Apollo-managed funds and affiliates as special counsel in a $35 billion capital solution to support Broadcom’s new AI XPV Platform, in partnership with Blackstone and leading global banks. The platform will enable more than 20 gigawatts of compute capacity for leading frontier AI labs through 2028, and the initial investment will accelerate Anthropic’s compute capacity as part of its existing partnership with Broadcom. The transaction represents the largest private financing ever executed.

The Paul, Weiss team is led by corporate partners Joseph Glatt and Nadeem Waeen, and includes partners David Hong and Michael Spirtos and counsel David Thomas.