The U.S. Army has asked Apollo, Carlyle (CG), KKR (KKR) and Cerberus to pitch “meaty” strategy projects to help fund a $150B infrastructure overhaul, Steff Chavez and Antoine Gara of The Financial Times reports. US army secretary Daniel Driscoll and Treasury secretary Scott Bessent held a meeting with 15 buyout firms to discuss deals. Bessent said he asked the groups to create “clever financing models or unique financing models” to meet the army’s infrastructure needs.
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