An atlas of financial networks

Who finances whom, and who guarantees what? From AI to oil, explore the actors and contracts behind financial networks.

Infrastructure · Capital · Guarantees

AI financing

Who finances AI infrastructure?

Behind data centres sit investors, tenants and guarantors. Explore the contracts connecting them and the conditions attached to their commitments.

Nvidia · OpenAI · SB Energy · AIP

Funds · Insurers · Banks

Where does the money go before it becomes a loan?

Follow capital from investors to borrowers through asset managers, insurers and banks, and distinguish direct lending from asset-backed finance.

Apollo · Athene · Ares Capital · BNP Paribas

Cargoes · Trading · Public revenues

Who advances the money, and who receives the revenues?

From paying for a cargo to allocating a producing country’s revenues, explore the documented links between banks, traders and borrowers.

UniCredit · Trafigura · Glencore · Chad