Financing Reindustrialization
American politics has, belatedly, woken up to the need for reindustrialization. But that’s only the what — the how has yet to be determined. For reindustrialization to take root, it must be paid for. Which is where private credit comes in.
Private credit has stepped in where government cannot in a bevy of projects including:
● Nvidia’s August 2026 agreements with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, which can lead up to $500 billion of investment for AI infrastructure.3
● Apollo’s $4.6 billion debt investment in Novolex, an American food packaging company it has controlled since 2022.4
● Brookfield’s $15 billion financing agreement to fund 49% of Intel’s expansion at its Ocotillo campus in Chandler, Arizona.5
● Ares Management’s purchase of Meade Pipeline Co. LLC, bought outright in September 2025 from XPLR Infrastructure for roughly $1.1 billion. Meade holds about 40 percent of the Central Penn Line, which carries Marcellus and Utica gas to customers in the Northeast, Mid-Atlantic and Southeast. Factories and data centers need power before they need anything else.
