Saturday, 25 April 2015
Last updated 1 day ago
Dec 2 2011 | 9:07am 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…