General Catalyst

Stories

Janus Henderson cleared to go private in Trian-led buyout

Co-investor in the buyout

Trian Fund Management started buying Janus Henderson stock in 2020. Now it is buying the whole company. On June 18, 2026, Janus Henderson said it had the regulatory clearances and client consents to finish a deal that takes the firm private and off the New York Stock Exchange.

Updated Jun 18

AI holding companies buy their way into corporate services

Money Moves

Lead backer of Long Lake and architect of the AI rollup model

Two years ago, Long Lake was buying suburban homeowners-association managers. On May 4, 2026, Long Lake agreed to take American Express Global Business Travel private for $6.3 billion, paying a 60% premium. The deal acquires the world's largest corporate travel platform as part of a new venture-backed strategy that uses AI software to absorb traditional service companies.

Updated May 31