The US Army has invited major private equity groups, including Apollo, Carlyle, KKR, and Cerberus, to pitch strategic projects to support a $150bn overhaul of its infrastructure, according to the Financial Times.
US Army Secretary Daniel Driscoll and Treasury Secretary Scott Bessent convened a forum with about 15 of Wall Street’s top buyout firms last Monday to discuss potential deals.
He also urged the investors to propose “clever financing models or unique financing models” to help meet the Army’s infrastructure requirements, emphasizing, “We actually just want meaty projects.”
Potential projects
Driscoll as per the news report suggested projects could include data centers and rare earth processing facilities, potentially involving creative government-private arrangements. “Instead o