Blackstone Joins $2 Billion Firmus Equity Round After Debt Deal

Blackstone participated in a $2 billion equity financing for Australian AI infrastructure company Firmus, expanding its financial involvement after leading a separate $10 billion debt facility for the business. Funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles joined Coatue, NVIDIA and Jane Street in Firmus’ fully subscribed strategic equity round announced Aug. 7. After the round, Firmus was valued at more than $10.5 billion, with equity funding secured during the preceding year exceeding $3 billion. Blackstone and affiliated funds previously led a $10 billion debt-financing facility announced Feb. 9.

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