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A peek inside Founders Fund, as it closes on $5 billion across two new funds



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Founders Fund has garnered a lot of money from investors; it has also returned quite a bit of capital.
A lot of the action on both fronts has happened very recently. Yesterday, the 17-year-old outfit took the wraps off more than $5 billion in fresh capital commitments across two new funds — a $1.9 billion early-stage and a $3.4 billion growth-stage vehicle — that brings its total assets under management to roughly $11 billion. That’s a lot of moolah. But as the San Francisco-based outfit, which more recently opened an office in Miami, told us earlier today, over the last two years alone, it has returned $10 billion worth of shares to investors after its portfolio companies have hit the public markets.
To learn more about how its new funds are likely to be invested, we talked earlier to …

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