Latham & Watkins Advises Blackstone on Investment in Anthropic’s US$65 Billion Series H at a US$965 Billion Valuation

Funds affiliated with Blackstone have closed an investment in Anthropic, an AI safety and research company working to build reliable, interpretable, and steerable AI systems. Blackstone’s investment was part of Anthropic’s announced US$65 billion Series H funding round at a post‑money valuation of US$965 billion.

Latham & Watkins LLP represented Blackstone in the transaction with a corporate deal team led by New York partners David Beller and Michael Benjamin, with associates Said Bakir and Abigail Keyes. Advice was also provided on capital markets matters by New York partners Benjamin Cohen and Sandy Kugbei; on intellectual property matters by Orange County/Los Angeles partner Ghaith Mahmood, with associate Andrew Abokhair; on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown; on intellectual property litigation matters by Washington, D.C./New York partner Sy Damle and Bay Area partner Andrew Gass; on regulatory matters by Washington, D.C. partner Damara Chambers; on antitrust matters by Washington, D.C. partner Peter Todaro and Washington, D.C. counsel Ngoc Hulbig; and on litigation matters by Washington, D.C. partners Kyle Jefcoat, Dean Baxtresser, and Roman Martinez.