Coatue's Philippe Laffont launches next frontier AI data center venture
NewsBytes | May 2, 2026 1:39 AM CST
Next Frontier raises $5.7B junk bonds
Next Frontier's one of its first big projects? Snapping up land in Indiana for a huge data center campus.
The team, led by AI infrastructure pro Robert Yin and ex-Blackstone executive Peter Wallace, teamed up with Fluidstack to raise $5.7 billion through junk bonds for their New Lebanon, Indiana, complex.
It is a big part of Coatue's push to support global AI labs and developers as tech infrastructure keeps booming.
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