Wednesday, 28 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…