Apollo Global Management and Blackstone are raising $35 billion through a private credit financing deal to support Anthropic, according to reports. The transaction is described as one of the largest private credit fundraisings of its kind. Financial Times reports that the financing is intended to help fund Anthropic’s plans for growth in artificial intelligence, including continued development of its products and expansion of its operations. Seeking Alpha similarly reports that Apollo and Blackstone have finalized a $35 billion private credit arrangement tied to Anthropic’s AI expansion. While the outlets focus on the scale of the financing and its purpose, they do not provide extensive additional deal terms in the brief summaries available here. The reporting indicates that the funds are structured as private credit rather than a traditional public-market offering, reflecting continued investor appetite for large-scale funding tied to high-growth technology and AI companies. Overall, both sources agree on the key figures—Apollo, Blackstone, Anthropic, and a $35 billion figure—and the stated goal of financing Anthropic’s AI growth.