Artificial intelligence (AI) infrastructure company Firmus has secured a $10 billion debt financing facility to fund the next phase of Project Southgate — the national rollout of Firmus’ AI factory platform — to help meet accelerating global demand for high-performance compute.
The financing — one of the largest private debt financings in Australian history — was led by funds managed by Blackstone Tactical Opportunities, Blackstone Credit & Insurance and affiliated funds, and supported by Coatue, a global investment firm known for its deep research-driven approach to technology and infrastructure investing.
“The picks and shovels powering the AI revolution are one of our highest conviction investment themes, and we are excited to finance Firmus’ continued growth,” said John Watson, a senior managing director in Blackstone’s Tactical Opportunities Group. “AI is driving one of the most significant infrastructure build-outs in decades, and we belie
