Key facts
- Hg has formed a new strategic venture with Anthropic to bring agentic AI capabilities to its portfolio.
- The venture will focus on deploying Anthropic's Claude AI to drive value creation in Hg's software and services businesses.
- Hg Catalyst, Hg's AI product incubator, will work with Anthropic on the initiative.
- This collaboration builds on a relationship between Hg and Anthropic that began in early 2024.
- Hg has over 1,600 live AI projects across its portfolio, with a budgeted EBITDA impact of over $260 million.
- Quantios, a SaaS provider, launched its first agentic AI solution in March 2026 with support from Hg Catalyst.
Hg, a private equity firm focused on software and services businesses, has announced a new strategic venture with AI company Anthropic. The collaboration aims to integrate Anthropic's agentic AI capabilities, powered by its Claude model, into Hg's portfolio companies. This initiative builds upon a relationship that began in early 2024, with Hg having already implemented over 1,600 AI projects across its portfolio, projecting an EBITDA impact of more than $260 million.
Hg Catalyst, the firm's AI product incubator, will work directly with Anthropic to deploy these advanced AI tools. The strategy involves embedding AI into the core systems and workflows of Hg's portfolio companies, which typically own the system of record within their respective sectors. Anthropic's AI will serve as the intelligence layer, creating value by combining these elements.
Hg has been investing in AI capabilities for a decade and has developed a significant in-house AI value creation team. The firm highlighted recent successes, such as Quantios, a SaaS provider that launched an agentic AI solution in March 2026 before its exit to Vista Equity Partners. Other portfolio companies like GTreasury and Intelerad also illustrate the trend of businesses with strong AI strategies attracting buyer interest.
Hg's Co-CEOs, Steve Batchelor and JB Brian, emphasized their early backing of agentic AI and the importance of the Anthropic relationship in reshaping how software businesses compete. Guillaume Princen, Head of International, Digital Native Businesses at Anthropic, noted that agentic AI is transforming business scaling and that Claude offers high safety standards for critical workflows.