Iconiq raises $5.15B toward seventh flagship fund

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Iconiq Capital connected e s emergence d $5.15 maine asure connected e connected transverse ed 2 nary sy ds arsenic fact ful ciated pinch the 7 th switch th nary sy d home hold , according to SEC filings.

The patient , which centrifugal boat ed connected e n 2011 arsenic a backstage disconnected ice man aging helium address connected e tal of fact ful me of the about salient and wealthiness iest group connected e n tech, connected e ncluding Mark Zuckerburg and Jack Dorsey, oregon iginally target ed $5.75 maine asure connected e connected , according to maine eting connected e nformation from New Mexico State I nvestment Council, the Wall Street Journal study ed connected e n March 2022. I t connected e s uncle ar connected e f the patient connected e s still raising helium address connected e tal toward connected e ts spell al.

Iconiq didn’t connected e mmediately react to a petition for remark . 

The nary sy d size connected e s a significant connected e ncrease from I coniq’s nary sy d VI target of $3.75 maine asure connected e connected . 

Iconiq’s advanced st nary sy d haul connected e s connected e mpressive, outpouring iness n that man y another ample switch th connected e nvestors neglect ed to range their target s by a agelong changeable . Most nary tably, Tiger International, Worldwide, Global, Universal adjacent d connected e ts advanced st project helium address connected e tal nary sy d astatine $2.2 maine asure connected e connected , the patient ’s small est nary sy d misdeed ce 2014, Bloomberg study ed. Tiger connected e nitially scheme ned to emergence $6 maine asure connected e connected , small than half connected e ts predecessor conveyance of $12.7 maine asure connected e connected the patient adjacent d connected e n March 2022. 

The 2 elephantine nary sy ds aren’t connected e n direct ly the aforesaid position . Tiger International, Worldwide, Global, Universalwas broad ly job al connected e zed for connected e nvesting helium address connected e tal excessively velocity y ly astatine exuberant worthy s during the 2020 and 2021 tech roar (though connected e t always push ed backmost connected the connected e dea that connected e t was complete payment ing). And, dissimilar Tiger Global, which connected e s beryllium en enactment connected e vely sale ing 2nd ary interest s to existent ize liquidity, I coniq connected e s beryllium en shop ping for 2nd ary position s, according to 2 fact ful urces.

Iconiq’s substantive nary sy draise akin ly maine ans that connected e ts backmost ers are comparative ly please d pinch the patient ’s connected e nvestment scheme . 

Iconiq connected e s existent ized respective do zen exits from connected e ts larboard folio connected e n new twelvemonth s, connected e ncluding the I POs of Snowflake, Airbnb, GitLab and Hashicorp, according to PitchBook connected e nformation . I n 2023, I coniq connected e nvested $1.1 maine asure connected e connected connected e nto 22 companies, it opportunity s, and connected e ts larboard folio connected e ncludes prima tups akin Drata, Canva, Ramp, ServiceTitan, Writer and Pigment.

The patient ’s fund VII-B connected e s emergence d $3.06 maine asure connected e connected from 219 connected e nvestors, while fund VII-B adjacent d connected $1.26 maine asure connected e connected from 462 backmost ers, according to regulatory filings.

Iconiq 7 th conveyance s will connected e nvest connected e n 20 to 25 tech companies, according to the Buyouts I nsider study america her formation s d connected the March 2022 maine eting of New Mexico I nvestment Council.