Kirkland Advises Blackstone as Anchor Investor in $35 Billion Strategic Platform

Kirkland & Ellis advised Blackstone's (NYSE: BX) Credit & Insurance Business as an initial anchor investor alongside Apollo (NYSE: APO) in the establishment of the AI XPV Platform with Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions. The platform is designed to enable more than 20 gigawatts in compute capacity using Broadcom's XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028.

The platform launched June 9, 2025 with an initial tranche of $35 billion led by Apollo, in partnership with Blackstone, to facilitate Anthropic's previously announced capacity expansion of more than 1 gigawatt of compute infrastructure expected to deploy in Fluidstack-based sites starting in mid-2026. This builds upon the deep strategic relationship between Broadcom and Anthropic and illustrates the immediate size and capabilities of the platform.

Read Blackstone's press release

The Kirkland team included an interdisciplinary group of structured finance and corporate lawyers including Michael Urschel, Michael Marek, John Pitts, Lucas Spivey, Thomas Prommer, Darren Littlejohn, Suril Patel, Drew Clements, Agustin Paniagua, Anne Li, Cade Luedde, Aaqib Mahmood, Amer Mohiuddin and Anu Reddy; and tax lawyers Rebecca Fine and William Dong.