Brookfield Asset Management has acquired cloud-computing startup Ori Industries and merged it into a new entity called Radiant, positioning the venture to deliver **GPU-as-a-service** solutions for governments and tech firms amid surging AI infrastructure needs.
Set and exceed synergy goals with benchmarks and actionable operational initiative level data from similar deals from your sector:
đź’Ľ Actionable Synergies Data from 1,000+ Deals!
The acquisition addresses bottlenecks in AI chip supply, enabling clients to access high-performance GPUs on demand without upfront capital outlays or extended procurement delays. Radiant will prioritize **sovereign cloud environments**, keeping sensitive data within national borders while securing long-term rental commitments over a chip’s typical five-year lifecycle to mitigate obsolescence risks.
Financial Structure and Funding Backing
Deal terms remain undisclosed, but Brookfield is capitalizing Radiant from its dedicated **AI infrastructure fund**, which targets $10 billion in commitments and plans to deploy up to $100 billion through leverage. This fund promises elevated returns compared to Brookfield’s core infrastructure strategies, justified by AI’s growth profile and inherent risks.
The initiative builds on Brookfield’s portfolio in data centers and power generation. Nvidia provides chips and supported the fund’s initial $5 billion equity raise. Ori investors, including Saudi Aramco’s Wa’ed Ventures, retain stakes in Radiant. Mahdi Yahya, Ori’s founder, leads as president, with initial operations in Europe and expansion to a Qatar data-center campus via Qatar Investment Authority’s Qai subsidiary.
Strategic Fit in AI Infrastructure M&A Trends
This move aligns with accelerating **private equity investments in AI infrastructure**, where firms like Brookfield leverage scale to capture **cross-border AI data center opportunities**. Similar to KKR’s data center plays and Blackstone’s hyperscaler partnerships, Brookfield targets **AI chip leasing models** to monetize scarce GPU capacity.
McKinsey reports project AI infrastructure spending to exceed $200 billion annually by 2027, driven by sovereign AI mandates in Europe and the Middle East. Bain analysis highlights **GPU-as-a-service** as a key **private equity exit strategy in SaaS and cloud**, offering recurring revenue amid volatile chip markets.
| Vehicle | Target Commitments | Deployment Goal | Expected IRR |
|---|---|---|---|
| AI Infrastructure Fund | $10B | $100B (levered) | 15-20% |
| Core Infrastructure | $20B+ | $200B+ | 10-12% |
Industry Implications and Comparable Deals
Radiant’s focus on **sovereign AI clouds** responds to EU data residency rules and Gulf state diversification goals, echoing CoreWeave’s $7 billion GPU leasing raise in 2025. Goldman Sachs notes such platforms reduce client capex by 40-60% while locking in supplier revenues.
- Enhances Brookfield’s end-to-end AI stack, from power to compute leasing.
- Positions Radiant against hyperscalers like AWS in niche, regulated markets.
- Signals **M&A trends in AI startups 2026**, with PE firms acquiring to scale **cross-border M&A in data sovereignty** plays.
Kirkland & Ellis advises highlight regulatory scrutiny on AI chip exports, but Radiant’s structure—via partnerships in Qatar and Europe—navigates these via localized operations. BCG forecasts **AI infrastructure PE deals** to double in 2026, fueled by $500 billion in unfunded sovereign demands.
Sources
Â
https://www.themiddlemarket.com/latest-news/renovus-backed-definian-acquires-incite-analytics, https://businesscloud.co.uk/opinion/ip-costs-are-rising-in-2026-what-do-uk-businesses-need-to-do/
