08:18 AM EDT, 10/21/2025 (MT Newswires) -- Apollo Global Management ( APO ) , KKR (KKR) and Carlyle Group ( CG ) , alongside Cerberus, discussed pitching large-scale projects to help finance a $150 billion US Army infrastructure program, the Financial Times reported Tuesday, citing an interview with Army Secretary Daniel Driscoll.

About 15 buyout firms met with Driscoll and Treasury Secretary Scott Bessent to explore private-capital models for underused depots and arsenals, the report said.

Investors were asked to propose "clever" or "unique" financing and "meaty" projects, with ideas ranging from data centers to rare-earth processing, the report said.

Options include swapping federal land access for computing capacity or output, as well as leasing data centers built on Army bases to speed up construction and reduce costs, the FT reported, citing attendees.

Apollo, KKR, and Carlyle did not immediately respond to MT Newswires' request for comment.

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