Thiel's Latest VC Fund Nets $625M

Dec 2 2011 | 10:07am ET

His ill-fated foray into hedge fund management is apparently no big deal for Peter Thiel.

The Clarium Capital Management founder, who made his money founding PayPal, netted more than $600 million for his latest venture capital fund. While Clarium has lost more than 90% of its assets in recent years thanks to a string of poor performances and investor redemptions, investors can't get enough of Thiel's Founders Fund.

That firm's fourth fund was heavily oversubscribed, taking in $625 million, more than its first three funds combined. Many of the newest fund's investors are veterans of Founders' earlier funds.

Thiel's latest VC fund will focus on education, robotics and consumer Internet companies, Founders said.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of