Founders Fund's Fourth Growth Fund Nears Completion, Raising $6 Billion

Odaily News According to informed sources, Peter Thiel's Founders Fund is nearing the final close of its fourth growth fund, with expected capital commitments reaching $6 billion. External investor demand exceeded the fund's capacity, with approximately $1.5 billion coming from the partners of Founders Fund themselves. This fundraising follows the close of its third $4.6 billion growth fund less than a year ago, which is primarily used for follow-on investments in successful late-stage companies. (TechCrunch)