Upper90 Capital Management, LP (“Upper90”), an asset-backed private credit firm, announced today the closing of an approximately $225 million credit facility for Crusoe, the industry’s first vertically integrated AI infrastructure provider. The investment will be used to support the expansion of Crusoe Cloud, the company’s scalable cloud platform purpose-built for enterprise AI workloads.
The financing, led by Upper90 and syndicated with institutional partners including British Columbia Investment Management Corporation, FS Investments, King Street Capital Management, Liberty Mutual Investments, and ORIX USA, will be used exclusively for the purchase of NVIDIA GPUs and supporting cloud infrastructure. This latest round builds on Crusoe’s momentum following its $600 million Series D funding announced in December.
For more information, read the full press release below.