According to sources, Founders Fund, led by Peter Thiel, is nearing the completion of its fourth growth fund fundraising, with expected capital commitments reaching up to $6 billion. The demand from external investors has exceeded the fund's capacity, with approximately $1.5 billion coming from the fund's own partners. This fundraising comes less than a year after the closure of its third growth fund, which raised $4.6 billion and was primarily used for follow-on investments in well-performing late-stage companies.
(Source: TechCrunch)