Global investment firm KKR, together with the Kuwait Investment Authority (KIA), chipmaker NVIDIA, and U.S. utility Vistra, has launched a new artificial intelligence infrastructure platform with more than $10 billion in committed capital.
The venture, called Helix Digital Infrastructure, aims to finance and develop the power, data centers and connectivity networks needed to support the rapid expansion of AI computing, KKR said.
The company will be led by Adam Selipsky, the former chief executive of Amazon Web Services, while KKR’s Global Head of Digital Infrastructure Waldemar Szlezak will serve as chief investment officer.
The launch comes as technology companies race to build AI capacity, driving a surge in demand for data centers and electricity.
Analysts estimate that trillions of dollars will need to be invested globally over the next decade to support AI workloads, creating opportunities for private equity firms, sovereign wealth funds and infrastructure investors.
Unlike traditional infrastructure funds that focus on a single asset class, Helix plans to invest across the AI supply chain, including hyperscale data centers, power generation, electricity transmission, fiber networks and related digital infrastructure.
The strategy seeks to address one of the industry’s biggest constraints: coordinating the financing and construction of multiple infrastructure components needed to support large AI deployments.
NVIDIA will act as a strategic technology partner, helping deploy infrastructure aligned with its AI factory architecture, while Vistra will serve as Helix’s preferred power provider, leveraging its existing electricity generation portfolio across the United States.
The Kuwait Investment Authority, one of the world’s oldest sovereign wealth funds, said AI infrastructure represents a long-term investment opportunity and that Helix offers a differentiated approach by combining operational expertise with patient capital.
The move reflects a broader shift among institutional investors toward AI-enabling infrastructure, which is emerging as a standalone investment theme.
Private capital firms including Blackstone, Brookfield, DigitalBridge and KKR have been expanding their exposure to data centers and energy assets, betting that surging AI demand will generate long-term, inflation-linked cash flows.
For hyperscalers such as Amazon, Microsoft and Google, securing access to electricity has become almost as important as acquiring computing chips.
Utilities and power developers have increasingly found themselves at the center of AI expansion plans as electricity demand from data centers accelerates.
Vistra said it has already executed more than 5,000 megawatts of power purchase agreements with hyperscale customers and expects Helix to accelerate the delivery of integrated energy solutions.
The more than $10 billion in initial commitments positions Helix among the larger dedicated AI infrastructure investment vehicles launched to date.
KKR said the platform remains open to additional institutional investors following the founding commitments.
The announcement also highlights the growing convergence of private equity, sovereign wealth capital, semiconductor technology and energy infrastructure, sectors that historically operated independently but are increasingly intertwined as AI reshapes global investment priorities.
For private markets, Helix may signal the next phase of AI investing.
While early enthusiasm centered on semiconductor makers and software developers, investors are increasingly targeting the physical infrastructure underpinning AI, a market expected to require sustained capital deployment for years to come.
KKR manages more than $100 billion in infrastructure assets and said Helix would draw on its experience across digital infrastructure, renewable and conventional power generation, transmission and fiber networks.