CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

1789 Capital, Backed by Trump's Second Son, Seeks to Raise $3 Billion for Second Growth Fund

PANews logo

Published on

Add as a preferred source on Google
1789 Capital, Backed by Trump's Second Son, Seeks to Raise $3 Billion for Second Growth Fund

PANews reported on September 24, citing Bloomberg, that 1789 Capital, the investment firm of Donald Trump Jr., is seeking to raise $3 billion for its second growth fund and has already raised about $2 billion from existing investors. 1789 Capital's assets under management reportedly now exceed $4 billion, with a portfolio that includes Anduril Industries Inc., Polymarket, and several companies under Elon Musk, such as X, xAI, and SpaceX.

However, 1789 Capital has already planned to reduce the number of investments, increase the size of individual investments, and lead more funding rounds. It was previously reported that 1789 Capital is considering leading a new funding round of about $1 billion for the prediction market platform Polymarket, with a planned investment of about $300 million.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.