Dragoneer Investment Group Seeks $2B for New Fund Using Stakes in OpenAI and SpaceX
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Dragoneer Investment Group sought to take advantage of the attractiveness of its shares in OpenAI, SpaceX and other private companies to raise a continuation fund, at a time of weakened exits and strong differences between discounts on premium technology assets and the rest of the secondary market.
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Crypto BriefingDragoneer Investment Group seeks $2B for new fund using stakes in OpenAI and SpaceX
Dragoneer's fund strategy may influence private equity markets, encouraging more firms to pursue continuation funds with minimal discounts. The post Dragoneer Investment Group seeks $2B for new fund using stakes in OpenAI and SpaceX appeared first on Crypto Briefing .
According to ChainCatcher, citing Bloomberg, investment firm Dragoneer Investment Group has raised approximately $1 billion for a new continuation fund, leveraging its existing stakes in high-profile companies such as OpenAI, SpaceX, Databricks, and wealth management firm Creative Planning. However, sources familiar with the matter revealed that Dragoneer's initial fundraising target was $2 billion, and the specific assets included in the final …
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