CoreWeave co-founder courts insurers' 'unlimited' capital as private credit hits 35% of US insurer assets
SumitGup · x · 2026-10-15
CoreWeave co-founder Brannin McBee said winning investment-grade ratings for its chip-backed debt — eventually the company itself — would unlock borrowing from life insurers whose capital is "unlimited." The Nvidia-backed neocloud has pioneered debt-heavy financing for AI chips, a structure critics say is vulnerable to an AI demand downturn. ZeroHedge called it a remarkable admission that private credit is this bubble's dumbest money, noting private credit now represents 35% of total US insurers' investments.
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