Anthropic in talks to raise $30bn at a $900bn+ valuation. FT confirmed investors this week: Greenoaks, Sequoia, Altimeter, Dragoneer. The PE relevance is simple: every dollar committed to AI at 30x revenue is a dollar not committed to a mid-market buyout fund at 12x EBITDA. LP allocation is zero-sum. BLOOMBERG
Apollo hired three managing directors, one of them from Carlyle. Advent's head of tech strategy now works at the OpenAI venture Advent helped fund.
GTCR and Elliott are paying $7.75 a share for CCC. Advent sold its final stake last November at $7.79, down from a $10 SPAC-era price.
Proofpoint will pay $49.75 a share for Varonis, 52% above the June close. The multiple is 53 times free cash flow, and the first-half cash flow fell.
Fee-generating assets rose €40bn in the quarter. Strip out the Coller acquisition and the gain is about €6bn.
