Article: Deals
Who actually guarantees the rent in AI data centre deals?
In August 2026, Anthropic, Macquarie Asset Management and GIC formed Theseus Infrastructure, a platform that will build, own and lease data centres back to Anthropic as anchor tenant. The headline is the money. The story is the structure. In a growing share of AI infrastructure deals the entity signing the lease is not the entity carrying the credit, and that changes where diligence effort belongs. Most deal teams have not moved it yet.
