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.

Led · Debt Financing · May 2026

Digital Edge operates and develops campus-scale data center facilities across Asia‑Pacific, targeting hyperscale and enterprise demand. Since its formation by New York–based Stonepeak in August 2020, the company has grown via acquisitions of smaller operators to establish local footholds and by developing larger facilities for hyperscale tenants. It currently has around 25 data centers in operation and under construction and more than 1.1 GW of secured IT power across Japan, South Korea, India, Malaysia, Indonesia, Thailand and the Philippines. Digital Edge has executed over US$2 billion in green financings to date and recently completed a $575 million HoldCo debt facility that can be converted into a Sustainability‑Linked Loan subject to agreed targets. The company is using proceeds to expand its campus footprints across existing markets as AI and hyperscale demand accelerates in the region.

Participated · Series D · May 2026

Elliptic provides digital-asset data and intelligence, continuously tracking and labeling assets and entities across more than 65 blockchains. The company offers analytics and compliance solutions used by banks, fintechs, governments and crypto firms, and reports screening over 1 billion transactions weekly for more than 700 customers. Elliptic says exchanges using its services account for two-thirds of global crypto trading, positioning it as a compliance backbone as assets move into traditional finance. Founded in 2013 and headquartered in London, Elliptic maintains offices in New York, Washington D.C., Miami, Dubai, Singapore, and Tokyo. With the $120 million Series D at a $670 million pre-money valuation, Elliptic plans to accelerate growth to meet increasing institutional adoption and the rise of tokenization and stablecoins.

Participated · Equity · Apr 2026

Versana provides a centralized platform that digitally captures agents' loan data on a real-time basis from golden-source ledgers to deliver loan-level transparency and lender portfolio visibility. The company serves the broadly syndicated loan (BSL) and private credit markets and positions itself as a standard source of credible deal information across the asset class. In 2025 it introduced a Versana Reconciliation Module and a cashless roll solution linking amended facilities to original facilities. Versana reports active facility coverage exceeding $4.1 trillion in notional value. With over $125 million raised across multiple funding rounds, the company is pursuing international expansion, product innovation and data analytics enhancements to modernize the $9 trillion loan market.