OpenAI and Anthropic Pursue PE Joint Ventures
Analysis based on 8 articles · First reported Mar 16, 2026 · Last updated Mar 16, 2026
The proposed joint ventures by OpenAI and Anthropic with private equity firms are expected to significantly accelerate the adoption of enterprise AI solutions across various industries. This will likely boost valuations in the AI and software sectors, while also providing a strategic lifeline for companies within the PE firms' portfolios that are vulnerable to AI disruption.
OpenAI is in advanced talks with private equity firms TPG Inc., Advent International, Bain Capital, and Brookfield Asset Management to form a joint venture. This venture, valued at approximately $10 billion pre-money, aims to distribute OpenAI's enterprise AI products across the firms' portfolio companies and beyond. TPG Inc. is expected to be the anchor investor, committing about $4 billion, with the other firms as co-founding investors, all securing board seats. Simultaneously, Anthropic is also pursuing similar joint ventures with private equity firms like Blackstone Inc., Permira, and Hellman & Friedman, offering its Claude AI technology. These strategic partnerships are driven by both OpenAI and Anthropic's ambitions to go public soon and leverage private equity firms' control over enterprise budgets to accelerate corporate AI adoption. The deals highlight the increasing importance of AI in private equity investing and its potential to reshape business models.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard