With his venture capital firm, Thrive Capital’s Joshua Kushner has backed high-flying startups like Stripe and OpenAI. He has also invested in more than a dozen other venture capital funds, Fortune has learned.
As of last fall, Thrive had invested in at least 17 venture capital firms from its $3.3 billion eighth growth-stage fund, according to emails between Thrive’s investor relations team and the California Public Employees’ Retirement System, one of the limited partners from its most recent fundraise, that were obtained by Fortune via a Freedom of Information Act request. Many of the VC firms Thrive has backed are new firms, launched in the last few years by emerging managers including Los Alamos Capital, a fund started by Scale AI CEO Alexandr Wang; Not Boring Capital, the VC fund of newsletter writer Packy McCormick; and Sheva VC, an Israeli VC firm founded by investor David Citron and Omri Casspi, a former NBA player with the Memphis Grizzlies, where Kushner is a minority owner.
