ChainThink reports that on August 2, Leopold Aschenbrenner agreed to sell approximately $3.5 billion in Anthropic equity at a time of severe financial strain, with investors led by Greenoaks and Sequoia Capital as the buyers.
The deal was finalized late Wednesday night but was withdrawn the following morning. Subsequently, the fund shifted to selling most of its public shares and used the proceeds to repay its loans. Leopold ultimately retained his equity stakes in private companies such as Anthropic.
In his letter to investors, he stated that the fund chose to reduce its public equity positions to eliminate leverage and preserve private investments.