Hg expands Anthropic partnership to deploy agentic AI across portfolio
Private equity firm Hg is expanding its relationship with artificial intelligence company Anthropic as it seeks to deploy agentic AI capabilities across its portfolio and accelerate value creation at its software and services businesses.
Private equity firm Hg is broadening its partnership with AI company Anthropic to integrate agentic AI into its various portfolio companies, aiming to boost value creation in its software and services businesses. Hg Catalyst, Hg's AI product incubator and internal AI team, will collaborate closely with Anthropic to introduce Claude's agentic AI features to Hg's portfolio.
This initiative follows a partnership initiated by Hg in early 2024 with Anthropic. Hg's portfolio currently hosts over 1,600 AI projects valued at more than $260 million in EBITDA impact, a figure that has more than quintupled since the partnership commenced. The expanded collaboration aims to shift focus from AI experimentation to deploying practical, agentic systems that can perform tasks and operate within business workflows.
By combining Hg's portfolio companies' industry-specific data and systems with Anthropic's AI capabilities, the partnership seeks to generate measurable operational improvements. Hg has been investing in AI for about ten years, and its dedicated value creation function has already facilitated AI-driven product development in several portfolio company exits.
Notable examples include Quantios, acquired by Vista Equity Partners, and GTreasury, acquired by Ripple. Hg's co-CEOs, Steve Batchelor and JB Brian, highlight the strategic importance of agentic AI, stating that this relationship with Anthropic will enable Hg's portfolio companies to leverage the latest AI developments as the software sector evolves.
Anthropic's head of international digital native businesses, Guillaume Princen, confirms that Claude will provide Hg's portfolio with access to agentic AI while ensuring safeguards for its application in critical business workflows. This expanded partnership aligns with Hg's broader value creation strategy, as the firm seeks to enhance the performance and competitiveness of its portfolio companies through AI integration.
With over $110 billion in assets under management and a portfolio of around 60 businesses valued at more than $195 billion, Hg's portfolio employs more than 140,000 individuals.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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