Overview
- The Wall Street Journal reports Brookfield has secured roughly $5 billion toward a $10 billion equity goal, with commitments from Nvidia, the Kuwait Investment Authority and Brookfield’s own capital.
- Brookfield aims to scale total deployments to as much as $100 billion by adding co-investments and debt financing to the fund’s equity.
- Planned investments span data centers, dedicated power systems and chip manufacturing, with a majority focused on ground-up builds on undeveloped land.
- Nvidia CEO Jensen Huang said the partnership brings together land, power and purpose-built supercomputers to deliver a ready-to-deploy AI cloud.
- Reuters says it has not independently verified the WSJ report and noted Brookfield and KIA did not immediately comment, as Brookfield points to prior deals including a $5 billion Bloom Energy agreement and government projects in France and Sweden.