Aethon Launches Dedicated $4 Billion AI Infrastructure Strategy

Aethon Capital today announced the launch of Aethon AI Infrastructure Partners ("AAIP"), a dedicated $4 billion strategy focused on the essential physical infrastructure underpinning the artificial intelligence economy. AAIP will target investments in hyperscale data centers, dedicated power generation, fiber connectivity, and cooling and grid-edge technologies that enable AI workloads at scale.

The launch reflects Aethon's conviction that AI infrastructure represents one of the largest and most durable capital formation opportunities of the next decade. Industry forecasts now estimate that more than $1.5 trillion of new investment will be required to build out AI-ready data centers, power, and connectivity globally between 2025 and 2030.

"AI is no longer a software story alone—it is increasingly an infrastructure story," said Priya Mehta, Managing Partner of Credit & Infrastructure. "Compute density, power constraints, and grid interconnection have become the binding constraints on the entire AI ecosystem. Investors with the capital, relationships, and engineering capability to solve these constraints will create extraordinary value."

AAIP will pursue a thematic strategy across four pillars:

• **Hyperscale and AI-purpose-built data centers** in supply-constrained markets, with long-term contracted leases to investment-grade hyperscalers and AI labs
• **Behind-the-meter and front-of-meter generation**, including natural gas peaking, renewables, and selective small modular reactor (SMR) projects
• **Long-haul and metro fiber networks** connecting AI training campuses to inference deployment regions
• **Cooling, power electronics, and grid-edge technology** companies enabling next-generation rack densities

The strategy builds on Aethon Infrastructure's existing $5 billion portfolio of digital and energy assets and benefits from cross-strategy collaboration with Aethon's private equity, credit, and real estate platforms.

AAIP has already secured anchor commitments from a leading North American public pension fund and a sovereign wealth fund in the Gulf, with first close expected in Q2 2026.