New York – Fortress Investment Group today announced that funds managed by its affiliates led a $265 million financing facility for SourceCode, a leading engineering-led provider of purpose-built, accelerated computing infrastructure for the world's most demanding AI, high-performance computing (HPC), and mission-critical workloads.
Founded in 1992, Sourcecode designs, builds, and sustains highly configurable AI infrastructure — from sovereign AI factories and liquid-cooled GPU clusters to ruggedized edge and embedded platforms — delivering the performance, security, and integration that frontier AI and agentic workloads increasingly demand.
The facility includes a $215 million term loan and a $50 million delayed-draw term loan that refinances existing debt and supports the company’s ongoing growth.
“SourceCode is at the leading edge of a new wave of technology providers with a longstanding record of delivering highly configurable and customized hardware and service solutions within the compute ecosystem, and we believe the company has a solid growth outlook,” said Andrew Moody, Director in Corporate Credit at Fortress Investment Group. “The company’s best-in-class technology approach and highly custom products and services, diversified customer base, and strong growth outlook support our belief that this financing facility is a compelling opportunity for our fund investors.”
SourceCode serves high-growth segments across the compute value chain: sovereign and defense infrastructure; next-generation AI factories and GPU cloud; accelerated verticals spanning genomics, medical, industrial, and media; computational research; and enterprise and edge. Its systems are differentiated by advanced thermal and power engineering, ruggedized and embedded platforms, and a trusted, verified supply chain supporting secure and sovereign deployments. SourceCode sustains long-standing relationships across more than 40 countries. Headquartered in Norwood, MA, it operates additional facilities in Milford, MA, Lowell, MA, and London, UK.
SourceCode is a portfolio company of Cerberus Capital Management.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager serving institutional clients and private investors worldwide. Founded in 1998, Fortress manages $55 billion of assets under management as of June 30, 2026, across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.