TechFlow reports that on May 3, according to Bloomberg, Founders Fund’s fourth growth-stage fund—Founders Fund Growth IV—has closed on $6 billion, earmarked for late-stage companies. This marks the largest fundraising effort in the firm’s history. Of the total, $4.5 billion comes from limited partners (LPs), including sovereign wealth funds; the remaining $1.5 billion is contributed by senior management and employees of Founders Fund, including Peter Thiel himself.
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