Founders Fund is about to close another $3B fund

Founders Fund nears $3B growth fund close for late-stage investments.

: Founders Fund is nearing the completion of a $3 billion growth fund, expected to close by the end of March and to be oversubscribed. The new fund will focus on additional investments in successful late-stage companies, adding to the firm's substantial portfolio. Despite recent fundraising cuts, excitement grows due to this targeted approach.

Founders Fund, established by Peter Thiel, is about to finalize fundraising for its third growth fund, aiming to collect $3 billion by the end of March. The new fund will primarily focus on reinvesting in late-stage portfolio companies, with expectations of exceeding subscription limits.

Previously, the $3.4 billion growth fund closed in early 2022, fully investing in companies such as Rippling and leading Anduril's raise. There's speculation about the origins of a potential $1 billion Anduril investment, possibly linked to the 2022 fund.

The firm has deviated from raising a ninth core fund, having already adjusted its eighth venture capital fund by transferring $900 million to the ninth fund. This strategic shift, while others raise larger funds, highlights Founders Fund's emphasis on growth companies like SpaceX and OpenAI.

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