In its latest circular deal, the ChatGPT-maker deepens its ties with primary VC backer Thrive Capital as the pair looks to advance enterprise AI adoption.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
The $600 million secondary deal will reportedly comprise stakes in five technology companies, including OpenAI, while providing a new commitment to Anthropic.
The transaction reportedly valued the ChatGPT maker at the same $852 billion mark achieved during its $122 billion March primary funding round.
The GP stakes deal builds on a 2024 strategic partnership, which established Lazard Elaia Capital as a technology-focused private equity investment platform.
The deal will expand Bow River's evergreen fund offerings with the establishment of a venture capital strategy.
Based in Ireland, Hatch Blue is a GP specializing in aquaculture and the seafood value chain.
If completed, Elon Musk's space exploration company would eclipse OpenAI as the most valuable privately held company.
