Going Private

A-Lister Cash Powers Iconiq’s Bold Anthropic Bets

Wealth firm to the stars doubles down on trophy tech investments
Divesh Makan, partner and founder of Iconiq Capital LLCPhotographer: Loren Elliott/Bloomberg
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Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at efforts by Asian private capital managers to dodge investor strife and why one of Europe’s most powerful pension fund managers remains optimistic about the sector. But first, we explore the high-octane venture capital push at celebrity-backed wealth manager Iconiq . If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net

Iconiq, the secretive wealth manager that serves Hollywood A-listers and billionaires like Mark Zuckerberg and Satya Nadella, is striding deeper into venture capital with big bets on AI pacesetters including Anthropic.