Filing: Founders Fund has closed a $4.6B late-stage venture fund; source: a substantial amount of the capital was provided by the firm's general partners (@levynews / CNBC) https://t.co/cm0iXx6aVl https://t.co/nzOfNBQxjn https://t.co/ZOzeer1FAj
Peter Thiel's Founders Fund closes $4.6 billion growth fund https://t.co/FIJcd2pORq
Peter Thiel's Founders Fund closes $4.6 billion growth fund, CNBC
The personal fortunes of Stripe co-founders Patrick and John Collison have reached an all-time high, according to Forbes. This rise coincides with Stripe reportedly nearing its peak valuation once again. Patrick Collison has also been promoting a pro-tech, pro-growth philosophy known as progress studies, which aims to influence U.S. policy. Peter Thiel's Founders Fund has closed a $4.6 billion late-stage venture fund, named Founders Fund Growth III, according to a filing with the SEC. The fund includes capital from 270 investors, with a substantial amount contributed by the firm's general partners. The directors of the fund are Peter Thiel, Napoleon Ta, and Trae Stephens. Founders Fund's investments include companies like Airbnb, Stripe, and SpaceX. GEM has surpassed its $400 million goal for a new independent sponsor-focused investment fund, raising $450 million in total. Meanwhile, Lock 8 Partners has raised $182 million for its Fund III in an oversubscribed fundraising round.
