According to NVIDIA's August 10, 2026 announcement, the company signed memorandums of understanding with six financial institutions — Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR — to build compute financing platforms aimed at mobilizing over $500 billion in third-party capital for AI infrastructure. NVIDIA said the partnerships remain subject to execution of final agreements.
What are the compute financing platforms NVIDIA just announced?
NVIDIA announced on August 10, 2026, that it had signed memorandums of understanding (MOUs) with six financial institutions — Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR — to establish independent compute financing platforms intended to mobilize over $500 billion of third-party capital for the buildout of AI infrastructure over time, according to NVIDIA's newsroom announcement (E1). NVIDIA said the MOUs aim to establish "the first compute financing platforms of their kind at global scale" to enable AI infrastructure buildout across NVIDIA's ecosystem, including frontier AI labs, enterprises and AI clouds (E2). NVIDIA founder and CEO Jensen Huang framed the move as an evolution beyond chipmaking: "We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories," Huang said, as quoted in the release (E3).
How do Apollo and Brookfield describe compute as an investment category?
Two of the six partner firms used the announcement to characterize compute itself as an emerging asset class. Apollo President Jim Zelter said "modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains," according to the NVIDIA release (E4). Brookfield CEO Bruce Flatt said, in the same release, that compute "is fast becoming the essential layer of infrastructure and a core pillar of the Brookfield AI infrastructure strategy," citing demand for large-scale AI compute growing as adoption scales across industries (E7).
How are BlackRock and Blackstone positioning their ties to NVIDIA's ecosystem?
BlackRock Chairman and CEO Larry Fink said the arrangement "deepens our relationship with NVIDIA, including through the AI Infrastructure Partnership," combining what he described as NVIDIA's leadership in accelerated computing with BlackRock's ability to connect long-term capital to infrastructure, per NVIDIA's announcement (E5). Blackstone President and COO Jon Gray said in the release that the firm continues "to be enormous investors globally across the NVIDIA ecosystem," calling the announcement further confirmation of Blackstone's confidence in NVIDIA's platform and the future of AI infrastructure (E6).
What roles do Goldman Sachs and KKR say they will play?
Goldman Sachs Chairman and CEO David Solomon said the partnership arrives at "a pivotal moment of a historic AI investment cycle," adding that Goldman's "investment and distribution roles reflect our confidence in NVIDIA's leadership" and that the firm is "excited for the new opportunity to create a market for credit backed by NVIDIA compute," according to the release (E8). KKR Co-CEOs Joe Bae and Scott Nuttall said KKR — already a founding investor in Helix Digital Infrastructure alongside NVIDIA — would combine "NVIDIA's accelerated computing platform with KKR's long-duration capital, infrastructure expertise and capital markets capabilities to turn growing demand into real capacity at extraordinary scale" (E9).
How large are the asset managers backing the platforms?
NVIDIA's release discloses assets-under-management (AUM) figures for three of the six partner firms:
| Institution | Assets Under Management | As of |
|---|
| Apollo | approximately $1.05 trillion | June 30, 2026 |
| Blackstone | over $1.3 trillion | release date, August 10, 2026 |
| Brookfield | more than $1 trillion | release date, August 10, 2026 |
Apollo's approximately $1.05 trillion in AUM was reported as of June 30, 2026 (E11). Blackstone, which the release describes as the world's largest alternative asset manager, reported over $1.3 trillion in AUM spanning real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds (E12). Brookfield, described in the release as a global investment firm, reported more than $1 trillion in AUM (E13). NVIDIA's release did not disclose AUM figures for BlackRock, Goldman Sachs or KKR.
What has to happen before the partnerships take effect?
NVIDIA's release states that the six partnerships "remain subject to execution of the final agreements," meaning the MOUs signed with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR are not yet binding deals (E10), even as the release separately describes them as agreements to build "the first compute financing platforms of their kind at global scale" (E2).
What this means
The $500 billion mobilization target NVIDIA announced (E1) sits alongside AUM disclosures showing that just three of the six named partners — Apollo, Blackstone and Brookfield — together report more than $3.3 trillion in combined assets under management (approximately $1.05 trillion, over $1.3 trillion, and more than $1 trillion, respectively) (E11, E12, E13). Yet NVIDIA's own release qualifies the announcement as preliminary: the partnerships are MOUs "subject to execution of the final agreements" (E10), and every quoted commitment from Apollo's Zelter, BlackRock's Fink, Blackstone's Gray, Brookfield's Flatt, Goldman's Solomon, and KKR's Bae and Nuttall (E4–E9) describes intent and confidence in NVIDIA's platform rather than an executed transaction.