Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, is working to close a new $1.5 billion joint venture with some of Wall Street’s biggest names. The deal pairs the AI firm not just with Wall Street but also with a global asset manager and a group of private equity firms.
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Anthropic’s Joint Venture Attracts Wall Street and Top Firms
Anthropic is set to finalize a $1.5 billion joint venture, with participation from Blackstone (BX), Goldman Sachs (GS), Hellman & Friedman, and growth equity group General Atlantic, among others. Each partner is set to contribute around $300 million, with Goldman Sachs providing roughly $150 million as a founding investor, bringing total pledges to $1.5 billion.
At its core, the venture will serve as a consulting arm for Anthropic. It will help private equity firms and their portfolio companies use Claude’s AI tools in their everyday work. The approach is similar to the model used by Palantir (PLTR), a data tech firm that builds its software directly into client workflows.
Meanwhile, an official announcement of the new joint venture deal is expected on May 4, according to people familiar with the matter.
Anthropic And OpenAI Go Toe to Toe in Private Equity Deals
Anthropic had already planned to back this new venture with roughly $300 million of its own funds, matching the pledges of its anchor partners. The deal also builds on Blackstone and Goldman Sachs’ prior ties with the AI firm.
In particular, Blackstone and Goldman Sachs had been significant investors in Anthropic’s Series G funding round in February 2026. That stake gives both firms a strong reason to push Claude’s tools as widely as possible.
Meanwhile, Anthropic’s biggest rival OpenAI is also in talks with separate PE firms, including Bain Capital and TPG (TPG), to form its own venture valued at $10 billion. The competition between the two firms is surging as they fight over private equity deals ahead of their initial public offerings (IPOs).
Will Anthropic IPO Soon?
Anthropic is eyeing a potential IPO as early as October 2026. Reports indicate that Goldman Sachs and JPMorgan Chase (JPM) are among the banks in talks to lead the offer, with the private company valued at between $400 billion and $500 billion. Other potential listings this year include OpenAI, Stripe, and Databricks.
