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Mark Zuckerberg And Jack Dorsey-Backed Investment Group Shifts Focus Amid IPO Drought, Explores M&A And Secondary Markets With $5.75B Venture Fund

Summary by Benzinga
Iconiq Capital, an investment group supported by Meta Platforms Inc. CEO Mark Zuckerberg and Twitter founder Jack Dorsey, is exploring alternative methods to generate returns from its largest-ever venture fund due to a lack of initial public offerings. What Happened: The San Francisco-based firm recently closed a $5.75 billion fund through its venture arm, Iconiq Growth, surpassing its previous $4.1 billion fund raised in 2021. Partner Matthew J…
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