Wednesday, 3 June 2015
Last updated 53 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…