Founders Fund is close to closing its fourth growth fund. It has raised a massive $6 billion.
Founders Fund Nears $6B Close for Fourth Growth Fund—Partners Chipping in $1.5B
Peter Thiel's venture machine is firing on all cylinders. Founders Fund is reportedly putting the finishing touches on its fourth growth fund, targeting $6 billion in commitments—and already seeing more demand than it can take. About $1.5 billion of that is coming from the firm's own partners.
The raise comes less than a year after Founders Fund closed its third growth fund at $4.6 billion, which focuses on doubling down on successful late-stage companies. Looks like they're not slowing down.
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