Iconiq Capital LLC, an investment firm that manages money for some of the most prominent people in Silicon Valley, is raising a new fund to invest in fast-growing technology companies.
The vehicle, Iconiq Strategic Partners VI, is targeting $3.75bn, based on information presented at a meeting Tuesday of the New Mexico State Investment Council. The newest fund’s proposed size would be a significant step up from the firm’s fifth fund, which closed on $2.6bn, according to David Lee, director of private equity for the New Mexico State Investment Council.
The fund will target enterprise software and financial technology companies.
ICONIQ Capital is a privately-held investment firm that serves some influential families and organisations. They facilitate meaningful strategic relationships across investment opportunities, family governance, and global impact.
Source: Wall Street Journal
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