Press Release

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

Press Release

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

Kirkland 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.

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The
Team

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All Bios
Michael L. Urschel, P.C.

Michael L. Urschel, P.C. Debt Finance

Michael Marek, P.C.

Michael Marek, P.C. Mergers & Acquisitions / Private Equity

John D. Pitts, P.C.

John D. Pitts, P.C. Transactional

Lucas E. Spivey, P.C.

Lucas E. Spivey, P.C. Transactional

Thomas Prommer

Thomas Prommer Debt Finance

Darren Littlejohn, P.C. Debt Finance

Suril Patel

Suril Patel Debt Finance

Drew Clements

Drew Clements Mergers & Acquisitions / Private Equity

Agustin Paniagua

Agustin Paniagua Debt Finance

Anne Li

Anne Li Debt Finance

Cade Luedde Mergers & Acquisitions / Private Equity

Aaqib Mahmood

Aaqib Mahmood Debt Finance

Amer Mohiuddin

Amer Mohiuddin Debt Finance

Anu A. Reddy

Anu A. Reddy Transactional

Rebecca L. Fine

Rebecca L. Fine Tax

William Dong, P.C.

William Dong, P.C. Tax

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.

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.

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