The Nicola Wealth Private Debt team is pleased to announce its participation in a new debt financing for CoreWeave Inc. (“CoreWeave”), a specialized cloud-based provider of access to high-powered compute resources for customers that require high-performance computing applications, such as artificial intelligence and machine learning. The proceeds of the financing are intended to purchase new GPUs to satisfy new customer contracts.
Founded in 2017, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry's fastest and most flexible infrastructure. CoreWeave builds cloud solutions for compute-intensive use cases — machine learning and AI, VFX and rendering, life sciences, the Metaverse, and real-time streaming — that are up to 35 times faster and 80% less expensive than the large, generalized public clouds. Learn more at www.coreweave.com.
The Nicola Private Debt Fund is an active private lender, managed by the Nicola Wealth Private Debt team, that provides first lien, unitranche and subordinated debt financing primarily to profitable North American middle-market companies.
