New information has emerged about Valor Equity Partners Fund VII, which last year filed paperwork With the US Securities and Exchange Commission to begin raising capital.
bloomberg Reported on Wednesday The fund is targeting at least $2.5 billion of capital, a portion of which has already been set aside for further investment in SpaceX. This may come as no surprise, given that the firm and its founder, Antonio Gracias, are long term supporters Of Elon Musk. Valor Equity Partners owns about 4% of SpaceX, according to Bloomberg debut in public markets Last week.
It’s not entirely clear what the fund’s thesis will be, but past investments possibly provide a clue. In addition to supporting several Musk projects, Valor has also given checks to military technology maker Anduril and news sharing site Reddit. As Bloomberg notes, Valor’s funds typically focus on helping companies scale, especially in the growth stage, although it has raised capital to provide more early-stage support.
Valor announced in advance Fund VI, closing in 2024 at $2.35 billion, focused primarily on operational development investments.
