Brookfield Asset Management’s infrastructure debt platform has provided a $750m (€652.2m) credit facility to US artificial intelligence (AI) infrastructure provider Crusoe.
Brookfield’s funding, alongside Crusoe’s recent $600m Series D funding round in December 2024 and a $225m credit facility from Upper90 announced in early 2025, will help Crusoe to develop AI factories, including data centres.
In addition, Crusoe also created a $15bn joint venture with Blue Owl and Primary Digital Interactive to finance a 1.2GW data centre in Abilene, Texas.
Chase Lochmiller, CEO and co-founder of Crusoe, said: ”The demand for AI infrastructure is growing exponentially, and this new credit facility from Brookfield provides us with the capital needed to accelerate the buildout of new AI factories.
“Brookfield’s commitment validates Crusoe’s demonstrated ability to rapidly develop and deliver critical infrastructure to the largest AI projects in the world. This funding will enable us to expand our footprint, and continue to provide our customers and partners with the best-in-class solutions they need to innovate and scale.”
Eric Wittleder, deputy CIO of Brookfield’s infrastructure debt business, said: “We are excited to partner with Crusoe, a company at the forefront of powering the critical infrastructure needed for AI, including one of the world’s largest AI data centres in Abilene, Texas.
“Crusoe’s ability to provide backbone infrastructure solutions at scale aligns perfectly with our investment philosophy, and we look forward to supporting their continued expansion and impact in the rapidly evolving AI landscape.”
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