Altimeter Plans to Raise $3.3-3.4 Billion to Invest in AI Unicorns

Investment firm Altimeter Capital Management is raising a new fund for its private market investment business, targeting a fundraising scale of $3.3 billion to $3.4 billion. The plan includes raising $2.5 billion for a venture capital fund focused on late-stage, pre-IPO companies, while also discussing raising about $800 million to $900 million for a new fund aimed at early-stage startups in various sectors. Altimeter completed the fundraising of a $1.6 billion growth fund and a $1.5 billion expansion fund last year, and has invested in several late-stage companies such as OpenAI and Anthropic.

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