Chamath Palihapitiya Earmarks $3B for New Fund That’s Scant on Crypto
By Michael Bodley / September 30, 2022, 5:04 pm EDT The anticipated $3 billion fundraise comes after the venture capitalist’s firm, Social Capital, has been largely closed to outside investors for about four years Up to 70% of the new vehicle’s capital has been earmarked for its top 10 positions In an unexpected move to once again start accepting outside capital, Chamath Palihapitiya is angling to raise at least $3 billion for his latest, top-heavy venture capital fund, according to two sources familiar with the matter.
