Apollo appointed partner Reed Rayman to lead AI chip dealmaking, part of a push to capture more digital infrastructure financing as AI projects grow too large for standard loans.
Apollo Global Management appointed partner Reed Rayman to lead its chip-focused dealmaking, The Information reported Wednesday, citing people with knowledge of the matter.
The move is part of a larger push to capture more digital infrastructure financing and tie those deals to investment teams across Apollo. Rayman will concentrate on building relationships that help Apollo back large, complex AI infrastructure projects, the report said.
Apollo and other big asset managers are chasing the massive financing needed to fund AI infrastructure build-out. Some projects are too large for standard corporate loans, requiring partnerships, backstops, and other arrangements to spread risk among AI labs, chip and cloud providers, and lenders, the report said.
Apollo earlier this year arranged financing for Broadcom that will help Google deploy its custom AI chips with Anthropic as the customer, according to the report.
The firm already has a team of roughly 60 employees focused on digital infrastructure, the report said. Rayman is focused on sourcing deals backed by semiconductors and their lease payments, rather than financing other AI infrastructure like data centers.
Apollo's Alpha Score sits at 53 out of 100, a Mixed rating from AlphaScala. The stock page for APO is APO.
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