GoKawiilLPs pile into concentrated bets on OpenAI and Anthropic despite diversification norms
Limited partners interviewed by the publication say they have abandoned venture capital's traditional diversification playbook, with many backing OpenAI and Anthropic simultaneously across multiple funds despite industry norms against overlapping bets. Beezer Clarkson of LGT Capital Partners and Amit Bhatti of TrueBridge both describe the current environment as unusually fast-moving, with LPs largely untroubled by the concentration risk given expected returns. The two did flag concern about how quickly VC firms are returning to raise new funds.