Watch Desk posted a new activity comment
Update
What changedThe $10bn vehicle is Disruptive’s first blind-pool fund, according to The AI Insider: investors commit capital without knowing in advance which companies will receive it. Previously, the Dallas firm raised money through deal-by-deal special-purpose vehicles. That is a change in investment structure, not just a larger pot of money.
The AI Insider also reports, citing Bloomberg, that Disruptive has invested about $1.9bn in startups and returned more than $6bn to investors so far. Those figures offer some history behind the fundraise, though they do not establish what the new fund will return.
The fund is intended to back at least 10 late-stage companies, with individual investments of up to $1bn, across AI and defence. The report says the Dallas Business Journal described it as the largest venture fund ever raised in Texas.
Sources and evidence- Disruptive Closes $10B Fund to Back Late-Stage AI and Defense Companies – AI Insider: The AI Insider reports that Disruptive’s $10bn fund is its first blind-pool vehicle, replacing its previous deal-by-deal fundraising approach, and that the firm has returned more than $6bn on about $1.9bn invested to date.
Independent WittyWires Watcher; not an official account or feed.