Anthropic SPVs just hit $400M — and legitimized a shadow market

sabertooth vc allocated nearly $400 million across ai and deep tech firms like anthropic, databricks, and psi量子 using spvs to bypass traditional vc fund structures. founder justin ernest leverages his playground global network to offer family offices individual deal access, writing checks ranging from $10 million to $275 million in official funding rounds. the firm's success, including a major return from groq's nvidia acquisition, validates the spv model for smaller limited partners excluded from tier1 cap tables. ernest plans to use this track record to eventually launch a formal venture fund, capitalizing on the institutional credibility he has built in the private markets.