ICONIQ Growth has raised $5.21 billion across two funds associated with the seventh growth fund family, according to SEC filings. However, the firm’s actual fundraise was $5.75 billion, according to a source familiar with the firm.
The late-stage investment unit is a part of ICONIQ Capital, which launched in 2011 as a private office managing capital of some of the most prominent and wealthiest people in tech, including Mark Zuckerberg and Jack Dorsey, has met its target of $5.75 billion, according to meeting information from New Mexico State Investment Council, the Wall Street Journal reported in March 2022.
ICONIQ Growth didn’t immediately respond to a request for comment.
The fund size is a substantial increase from Iconiq’s Fund VI target of $3.75 billion.
ICONIQ Growth’s latest fund haul is impressive, given that many other large-growth…
