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The rise of private placements explained — how chipmakers are driving this new asset class

News & Analysis

The rise of private placements explained — how chipmakers are driving this new asset class

William Hoffman and Sunny Oh21 Sept 2026 | US | 9 minute read

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Blackstone looks to raise $23bn debt for Google AI joint venture

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Blackstone looks to raise $23bn debt for Google AI joint venture

Blackstone is working on placing roughly $23bn in debt with a group of banks to finance a portfolio of chips as part of its AI infrastructure joint venture with Google known as Crux AI, sources told 9fin.

Lloyds opts for Dutch RMBS over cheaper covered bond funding

With its second Dutch RMBS of the year, Lloyds Bank has brought the total it has raised in 2026 through securitisations of Dutch mortgages to €1.5bn, leaving very little, if any, to be drummed up in the covered bond market.

A $500bn AI financing question remains after stellar Nvidia earnings (9fin)

Nvidia outperformed Q2 earnings expectations as it more than doubled revenue year-over-year, but for credit investors, its $500bn third-party AI financing still lingers as an ongoing question for its debt financing plans.

Al Rajhi Bank to show muscle with Tier 2 sukuk return

Al Rajhi Bank (Al Rajhi) (Aa3/A), a Saudi Arabian-based Islamic lender, is preparing to sell a new US dollar-denominated tier two (T2) sukuk, according to 9fin sources.

Why funding Treasury buybacks from the General Account edges closer to QE

Long-dated Treasury yields fell on 24 August after CNBC reported, citing two senior Treasury officials, that the department could tap its near $1trn Treasury General Account (TGA) to help fund its expanded government bond purchases. 10-year Treasury yields dropped more than 3bps to 4.70%, while 30-year yields shed more than 4bps to 5.23%.

GSAM eyes $6.6bn GPU-backed private financing for OpenAI

Goldman Sachs Asset Management is preparing to lead a privately placed $6.6bn chip-backed debt package to finance the purchase of GPUs for OpenAI, supported by a backstop from semiconductor giant Nvidia.

25 Aug 2026

| US

The rise of private placements explained — how chipmakers are driving this new asset class

Related Posts

Blackstone looks to raise $23bn debt for Google AI joint venture

Lloyds opts for Dutch RMBS over cheaper covered bond funding

A $500bn AI financing question remains after stellar Nvidia earnings (9fin)

Al Rajhi Bank to show muscle with Tier 2 sukuk return

Why funding Treasury buybacks from the General Account edges closer to QE

GSAM eyes $6.6bn GPU-backed private financing for OpenAI