OpenAI early investor Altimeter plans to raise $3.3-3.4 billion to continue betting on AI unicorns

Odaily reports: Prominent investment firm Altimeter Capital Management is raising new funds for its private markets investment business, targeting a combined $3.3 billion to $3.4 billion. It also plans to raise $2.5 billion for a venture capital fund focused on late-stage, pre-IPO companies, and is discussing raising approximately $800 million to $900 million for a new fund targeting early-stage startups across different sectors. Altimeter's $1.6 billion growth fund and $1.5 billion expansion fund, completed last year, have already been used to invest in several late-stage companies including OpenAI and Anthropic. (Bloomberg)