We raise non-dilutive capital for growth-stage companies that build and run AI infrastructure: data centers, power, cooling and compute. One focus, from the lender's side of the table.
Buttress Capital advises solely on debt and non-dilutive capital for companies building the physical layer of AI, in the US, Europe, Israel, India, Southeast Asia, Australia and the Gulf. A narrow mandate lets us run fast, focused processes and bring each lender a deal it can approve.
We spent years approving loans to technology companies. We build every case the way a credit committee reads it, and we know what gets declined.
A senior partner runs every mandate from first call to first draw, with the analysis behind each decision: cost of capital, cash impact, covenants and lender fit.
Data centers, power, cooling and compute. We track who lends into this market, on what terms and at what size, every week.
AI demand is outrunning equity. The companies building the infrastructure need debt that is sized to the asset and its contracts, not to the last funding round.
Construction, expansion and bridge debt for colocation, edge and modular sites, from fit-out to full build.
Financing for behind-the-meter generation, grid connection, storage, land and the power contracts behind them.
Equipment and project finance for liquid and immersion cooling, chillers and thermal systems.
Asset-backed loans and leases for GPU clusters and servers, sized to signed customer contracts.
The AI infrastructure debt market is opaque and moves every month. We match each company to the structure that fits its assets and contracts, and to the lenders that actually fund it.
Below $300m the lender list is short and every credit committee asks the same questions. We prepare the answers before the first meeting.
A signed offtake, lease or power purchase agreement, ideally with an investment-grade counterparty.
Lenders want the sponsor to carry real risk. Typical advance rates run 50% to 80% of cost.
Repayment matched to the contract term, with reserves and coverage tests that hold in a downside case.
Land, power equipment and infrastructure hold value better than chips, and lenders price it that way.
We sit between the companies that need capital and the lenders that want to deploy it, and we stay involved from the first assessment to the first draw, and after it.
We review the business, the assets and the contracts, and tell you what can be financed, how much and on what terms.
We compare the options in today's market and build the financing case and data room a credit team needs.
We take the deal to a short list of lenders, create competition and negotiate the term sheet through to close.
We stay on for draws, covenant questions, amendments and the next raise as the company grows.
Debt is flowing into AI infrastructure, but most of it goes to the largest borrowers. Companies raising $15m to $150m face a short lender list and terms set deal by deal.
Disclosed AI infrastructure debt deals since 2023 that were between $15m and $150m. The median deal grew from $370m in 2023 to $775m in 2026.
Lenders in one industry directory that publish a minimum ticket of $20m or less. The rest start far higher, or publish nothing.
Investment-grade contracts have priced near SOFR + 2.25%. Smaller operators without one pay 10% to 15%.
Sources: Buttress Capital analysis of PitchBook debt data (Jan 2023 to Oct 2026); American Compute lender directory (Oct 2026); company SEC filings and published lender rate cards.
Buttress Capital was founded by Yaron Primovich, who spent over a decade in the capital markets, and in his last role as Head of Credit Investments at a $2 billion technology credit platform, led lending to growth-stage companies across Asia, Europe, Israel and the United States.
We know what a lender needs to see, because for years we were the lender.
We raise $15m to $150m per transaction for companies building AI hardware and infrastructure. Whether you are raising capital or looking to lend into this market, a first conversation costs nothing.
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