The Army has asked private equity groups to suggest “meaty” strategic projects to help the service fund a $150 billion infrastructure overhaul, the Financial Times reported on Tuesday.
Army Secretary Daniel Driscoll and Treasury Secretary Scott Bessent held a forum to talk about deals with some 15 of Wall Street’s best-known buyout companies last Monday — including Apollo, Carlyle, KKR and Cerberus.
Driscoll said he asked them to propose “clever financing models or unique financing models” to help meet the Army’s infrastructure needs.
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