Who will finance the $3 trillion production capital gap? As infrastructure demands trillions and technology requires robust support, this keynote will explore the essential question of the role of capital-intensive technology in reshaping the boundary between venture and infrastructure finance. Firms that successfully bridge this gap will define the next era of deployment.

The asset-light tech era is over. AI compute, robotics deployment, and defense systems require billions in physical assets before revenue scales. The opening panel explores the transition: when companies stop thinking in ARR multiples and start thinking in asset values, cash flows, and debt capacity.

GPUs have become income-generating assets that underpin billions in debt. But they depreciate faster than real estate and face the risk of obsolescence. GPU-backed facilities have started yielding returns comparable to established asset classes, with yields now mirroring those of aircraft leasing at around 8%. This presentation walks through how lenders underwrite GPU-backed facilities, which collateral structures work, and what depreciation curves look like.

Pitch decks don't close debt deals. This conversation gets operational: What financial metrics matter? How do lenders model chip depreciation and utilization rates? What contract structures provide confidence? Where do deals die, even when the technology works?

Venture debt is one tool. Equipment financing, asset-backed lending, project finance, forward flow agreements, and ABS structures are others. This panel maps the full spectrum: when each instrument makes sense, how to sequence them, and how the capital stack evolves from Series A through infrastructure-grade deployment.

Lenders don't write checks based on revenue milestones. They write checks when systems exist: contract structures, collateral tracking, financial reporting, telemetry, and covenant compliance. This presentation walks through the operational infrastructure that makes companies credit-ready.

The Office of Strategic Capital, SBIC Critical Technologies Initiative, and DOE Loan Programs Office are mobilizing billions in government-backed leverage. This panel explores how technology companies access these programs, how they work with private lenders, and what the application process actually requires.

ABS structures can unlock billions but require bankruptcy-remote SPVs, dual collateral pledges, and sophisticated documentation. This conversation walks through how these deals actually get structured, what breaks along the way, and whether the complexity is worth it.

HaaS and RaaS generate recurring revenue but create significant working capital gaps. Manufacturers finance the bill of materials upfront and wait months for subscription revenue. This panel explores warehouse facilities, forward flow agreements, and contract-backed lending structures that enable the scalable deployment of robotics.

Managing complex facilities requires real-time covenant monitoring, IoT asset tracking, and automated data ingestion. Manual spreadsheets break. This panel examines the technology platforms being built to understand private credit as a scaling and asset class, and how they reshape what lenders and borrowers can manage.

Despite needing trillions, technology credit markets remain fragmented. Are there education gaps between technologists and credit investors? Lack of standardization? Regulatory constraints?This panel will diagnose the bottlenecks and what needs to change for the market to reach infrastructure-grade scale.

Despite needing trillions, technology credit markets remain fragmented. Are there education gaps between technologists and credit investors? Lack of standardization? Regulatory constraints? Bank retreat post-Basel III? This panel diagnoses the real bottlenecks and what needs to change for the market to reach infrastructure-grade scale.