$7.7B take-private of insurance broker Baldwin bets on 'AI private equity'
saranormous · x · 2026-09-29
On No Priors, Sequence Holdings CEO MJ Lee discussed the $7.7B take-private of insurance broker Baldwin, announced with Michael Dell.
- They seek targets and teams that want to transform with AI
- Argues "AI private equity" works better at scale, and incumbents will keep winning in some areas despite the AI revolution
- Also covers lessons from investing to operating, the rationale for a permanent capital vehicle, and applying AI in a regional bank
More from Companies & People
- Atlassian PM leader: In 10,000+ person companies AI expands roles instead of merging them — lennysan · 2026-09-29
- OpenAI teases 20+ launches at tomorrow's DevDay 2026, per Polymarket — Polymarket · 2026-09-29
- CVS says AI behavioral simulations cut 6-8 week research to 20 minutes with 90-95% accuracy — skairam · 2026-09-29
- Commentator: OpenAI and Anthropic are both unkillable, their mog-countermog dance will outlast ASI — teortaxesTex · 2026-09-29
- 22 Mistakes Private Equity Firms Make With AI Transformation, From Vague Mandates to Talent Gaps — alex_verem · 2026-09-29
- TD Synnex CEO says agentic AI is already paying off on quote-to-cash tasks — TiernanRayTech · 2026-09-29