Participated · Debt Financing · Jul 2026

Nebius builds and operates data centres packed with GPUs and offers access plus specialised software to AI and enterprise customers. It positions itself as a neocloud provider supplying AI compute at scale and has secured multi-billion-dollar contracts with Meta and Microsoft. In May it acquired Eigen for about $643m in cash and stock to improve performance of open-source AI models. To finance further expansion, Nebius is issuing $4.5bn of convertible notes, earmarked for data-centre build-out, AI cloud investment and GPU purchases. The deal structure comprises two tranches due in 2030 and 2034, reflecting significant near- and medium-term capital needs.

Participated · Debt Financing · Jul 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Participated · Debt Financing · Jun 2026

Zenobe Energy provides electrification services aimed at enabling fleet electrification, particularly for bus operators and local authorities. The company arranges and deploys EV-focused financing and infrastructure to support fleet transitions. With the newly announced £980m UK and Ireland debt facility, Zenobe intends to support the deployment of more than 1,000 electric buses. Since 2017 the company has raised over £3.2bn in capital. The recent financing strengthens its balance sheet to scale electrification projects across its markets. The articles do not disclose revenue, valuation, or specific investor names.

Led · Debt Financing · Apr 2026

Cerebras Systems designs and sells what it describes as the fastest AI infrastructure in the world, centered on its Wafer-Scale Engine 3 (WSE-3) processor. The company states the WSE-3 is the largest commercialized AI processor, 58 times larger than the largest GPU, delivering inference and training up to 15 times faster while using a fraction of the power per unit compute. Cerebras offers solutions both on premises and in the cloud and reports deployments with leading corporations, research institutes, and governments across four continents. Financially, the company completed a $1 billion Series G in September 2025 and a $1 billion Series H in January 2026, and has now secured an $850 million revolving credit facility, bringing total capital raised to $2.85 billion in the last eight months. The company intends to use the new credit facility to expand data center capacity and support its growth plans.

Participated · Debt Financing · Mar 2026

Mistral AI develops AI models and is expanding into infrastructure by building large-scale data centers for training and running advanced models. The company is constructing a facility in Bruyères-le-Châtel near Paris slated to be operational in Q2 2026 and has announced a second planned site in Sweden. Mistral aims to assemble a European compute network targeting 200 MW of capacity by the end of 2027. It will purchase roughly 13,800 advanced Nvidia chips with the recent financing. The company also supplies AI models and solutions to the French armed forces, positioning itself beyond pure model development into infrastructure and defense-related work. Financially, Mistral recently secured a €750M+ loan from a seven-bank consortium, its first significant borrowing from debt markets.