The Kuwait Investment Authority (KIA), the nation’s sovereign wealth fund, has been named a founding partner in a new, multi-billion dollar AI infrastructure fund launched by global alternative asset manager Brookfield Asset Management. Alongside tech giant Nvidia, KIA is anchoring the fund which is targeting a total of USD 10 billion.
The initiative has already secured USD 5 billion in commitments from its founding partners. This new fund represents a significant strategic push by Brookfield to finance the critical infrastructure required to power the global artificial intelligence boom, with KIA playing a pivotal role from its inception.
A Strategic Push into AI Infrastructure
The new fund will focus its capital on the foundational elements of the AI ecosystem, including data centers, dedicated power providers, and semiconductor manufacturing facilities. A key part of the strategy is to direct the majority of its capital toward greenfield projects, meaning developments built from the ground up on previously undeveloped land.
Through a combination of the fund’s capital, co-investments, and debt financing, Brookfield aims to ultimately build and acquire as much as USD 100 billion worth of AI-related infrastructure, positioning it as a dominant force in the sector.
Early Commitments and Global Partnerships
Even in its early stages, the fund has already initiated significant investments. It has established a USD 5 billion partnership with Bloom Energy to install reliable power solutions in data centers, addressing one of the most critical needs of AI hardware.
Furthermore, the fund has engaged in partnerships with the governments of France and Sweden to develop secure, sovereign AI infrastructure, signaling a global scope for its investment activities.
About Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the sovereign wealth fund of the State of Kuwait. Established in 1953, it is the world’s oldest sovereign wealth fund. KIA is responsible for the management and administration of the General Reserve Fund (GRF), and the Future Generations Fund (FGF), as well as any other funds entrusted to it by the Minister of Finance for and on behalf of the State of Kuwait.
Source: Waya
