Apollo and Blackstone led a record $36bn private credit financing for Anthropic, the AI company. The funds will purchase Google's custom tensor processing units, which Anthropic will lease through a special-purpose vehicle, marking a significant commitment to AI infrastructure development in the competitive artificial intelligence sector.

Jean Eric Salata formally assumed the role of chairman of EQT Group, continuing his leadership after founding Baring Private Equity Asia and merging the business with EQT in 2022. Meanwhile, Pantheon partnered with Oaktree for direct lending in Africa, combining fresh capital with existing portfolio investments to expand the continent's private credit market.

The deals reflect the private equity sector's focus on AI infrastructure and emerging markets. Oaktree's new strategy targets first-lien, senior secured private loans, while EQT continues its Asian expansion strategy with Salata remaining chairman of EQT Asia. These arrangements demonstrate how private capital is flowing to technology and emerging economies.