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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Peter Thiel-Linked GPx Targets $500 Million To Reinvent VC With Fund-Of-Funds Twist, Backing Early-Stage Stars Into Series B: Report

Peter Thiel GPX Founders Fund TechCrunch
Stock Market

Former Founders Fund general partner Brian Singerman and Quiet Capital co-founder Lee Linden are reportedly raising over $500 million for GPx, a new venture capital fund that combines traditional investing with fund-of-funds elements.

What Happened: Peter Thiel, co-founder of Founders Fund, is expected to contribute a portion of GPx’s capital, the sources told TechCrunch.

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