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Daniela Gabor, industry influencer, reports that OpenAI is planning to borrow $4 billion from private equity groups TPG, Bain Capital, and Brookfield Asset Management at a 17.5% interest rate. The funding is intended to embed OpenAI products across more than 2,000 portfolio companies owned by these firms.
Gabor adds that this move highlights an effort to drive adoption of OpenAI solutions within the firms managed by these private equity players, with significant financial involvement from Wall Street.
Gabor has previously raised concerns about risks in private credit markets, citing persistent instability and interconnectedness in shadow banking. In a separate context, Claudio Katz has warned that the privatization of pensions threatens established ties with financial actors. These reports add context to recent large-scale financial moves involving major private equity firms.