New Delhi, Oct. 21 -- The US Army has invited major private equity groups, including Apollo, Carlyle, KKR, and Cerberus, to pitch strategic projects to support a $150bn overhaul of its infrastructure, according to the Financial Times.

US Army Secretary Daniel Driscoll and Treasury Secretary Scott Bessent convened a forum with about 15 of Wall Street's top buyout firms last Monday to discuss potential deals.

Driscoll told the British news outlet, "Hey, here are all the assets we have in our arsenals and our depots that we are underutilising. What are those types of deals where we can work with you and invite you in?"

He also urged the investors to propose "clever financing models or unique financing models" to help meet the Army's infra...