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Founders Fund's fourth growth fund is nearing completion, with a fundraising total of $6 billion.
ChainCatcher reports that, according to market sources, Peter Thiel’s Founders Fund is about to complete fundraising for its fourth growth fund, with an expected $6 billion in committed capital.
External investor demand exceeds the fund’s capacity, with approximately $1.5 billion coming from Founders Fund partners themselves. This fundraising comes less than a year after the closure of its third $4.6 billion growth fund, which was primarily used for follow-on investments in successful late-stage companies.