# TPG

OpenAI Courts Private‑Equity Partners to Fast‑Track Enterprise Push, Sparking a Race with Anthropic

OpenAI is negotiating a joint venture with major private‑equity firms — led by TPG, Advent, Bain and Brookfield — to deploy its enterprise AI across portfolio companies, with roughly $4 billion in investor commitments and a pre‑money valuation near $10 billion. Anthropic is pursuing a rival arrangement with other buyout houses on a smaller scale, intensifying competition ahead of both firms’ planned IPOs and accelerating institutional adoption of enterprise AI.