By Katherine Hamilton and Megan Cheah


KKR, Kuwait Investment Authority, Nvidia and Vistra are collaborating to launch Helix Digital Infrastructure, a new company designed to provide infrastructure for AI hyperscalers.

Helix will "serve as a single coordination point for hyperscalers' data centers, power, connectivity and related needs," KKR said Thursday.

The new company has more than $10 billion in long-duration capital commitments to date. Following the closing of founding commitments, Helix is open to additional institutional investors.

Nvidia will support the deployment of its DSX AI factory-aligned infrastructure, while the energy company Vistra will provide power.

Helix will be led by Adam Selipsky, a former chief executive of Amazon Web Services. KKR's global head of digital infrastructure, Waldemar Szlezak, will serve as Helix's chief investment officer.

As demand for AI climbs, hyperscalers such as Anthropic, Google and Meta are looking for infrastructure that ties in all their needs.

"Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity," Selipsky said.

Helix will aim to invest in and manage assets related to AI, including hyperscale data center development and operations, power generation, and fiber and connectivity infrastructure.

KKR's move is the latest tie-up between a private-equity firm and an energy-related company that focuses on AI computing needs.

Last year, Blackstone and PPL Corp. formed a joint venture to build gas-fired, combined-cycle generation stations for data centers, with Blackstone funds investing over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure.

KKR in 2024 formed a $50 billion strategic partnership with Energy Capital Partners to accelerate the development of data center, power generation and transmission infrastructure for AI and cloud computing.

Global private equity and venture capital investments in the utilities sector have soared by more than 50% year-over-year to $69.52 billion in 2025, according to a report by S&P Global Market Intelligence.

The investment drive has continued this year, with investments in the first quarter already nearly hitting 2025's total at $64.59 billion, S&P Global Market Intelligence said.


Write to Katherine Hamilton at katherine.hamilton@wsj.com and Megan Cheah at megan.cheah@wsj.com


(END) Dow Jones Newswires

06-11-26 0735ET