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4w ago

Brookfield Launches $10 Billion AI Infrastructure Fund Backed by Nvidia and Kuwait’s KIA

Anchor commitments from Nvidia with Kuwait’s wealth fund support a contract‑driven buildout strategy.

The fund has already secured US$5 billion of capital commitments from a select group of institutional and industry partners, including Brookfield, Nvidia and KIA. Image: Shutterstock
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Overview

  • Brookfield is targeting $10 billion in equity for a new AI infrastructure vehicle, with about $5 billion already committed by Nvidia, the Kuwait Investment Authority and Brookfield.
  • Using additional co-investment and debt, the firm plans to build and acquire up to $100 billion of assets spanning data centers, on‑site power and chip or compute facilities.
  • Most capital will go to greenfield projects, including AI factories built largely to an Nvidia reference design and tied to an Nvidia-powered Radiant cloud stack.
  • Early activity includes an up to $5 billion pact with Bloom Energy for on‑site power and government-linked projects in France and Sweden focused on secure AI infrastructure.
  • Nvidia CEO Jensen Huang publicly endorsed the partnership, while some outlets noted they had not independently verified all details and said Brookfield and KIA did not immediately comment.