Apollo's Wassenaar warns of underinvestment risk in AI buildout
Olivia Wassenaar, Apollo's global head of infrastructure, said the firm deployed more than $20 billion in infrastructure originations in the third quarter, partnering with investment-grade companies and investing in areas including gas processing. Speaking on Bloomberg Surveillance, she warned of underinvestment risk in the AI buildout and said the opportunity extends beyond AI data centers to power supply, the electrical grid, natural-gas infrastructure and the broader industrial economy.
Why it matters: AI compute expansion is increasingly tied to financing for power, grid and other underlying infrastructure, so asset managers' views on that bottleneck matter to the industry.
Olivia Wassenaar, Apollo's global head of infrastructure, says the firm deployed more than $20 billion in infrastructure originations in the third quarter, partnering with investment-grade companies and investing in areas including gas processing. Speaking on "Bloomberg Surveillance," Wassenaar also says the opportunity extends beyond AI data centers to the power supply, electrical grid, natural-gas infrastructure and broader industrial economy. (Corrects to clarify guest's comments in headline.) (Source: Bloomberg)
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