Nvidia Among Backers in $30bn Anthropic Round as Banks Charge Divergent Fees
Anthropic raised $30bn in February at a $350bn valuation, with Nvidia among backers alongside Singapore’s sovereign wealth fund and Coatue. Morgan Stanley charged a 1% placement fee via an SPV, while Goldman Sachs imposed a 1.25% management fee plus a 17.5% profit carry on returns above 8%.
1. Anthropic’s $30bn Fundraise
Anthropic completed a $30 billion private fundraising round in February, valuing the AI startup at $350 billion and attracting allocations from Wall Street banks, Singapore’s sovereign wealth fund, Coatue and Nvidia.
2. Divergent Bank Fee Structures
Morgan Stanley offered wealth clients access through a special purpose vehicle with a one-time 1% placement fee and no ongoing charges, while Goldman Sachs structured access via an SPV with a 1.25% management fee and a 17.5% carry on profits exceeding an 8% hurdle.
3. Nvidia’s Investment Role
Nvidia participated alongside other large investors, securing equity exposure under these bank-arranged terms and underscoring how differing fee models can affect access costs for private market deals.