Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

Former founders GP Brian axterist and co-founder and co-founder and co-founder and the controlled partner of Lee Linden, GPX more than $ 500 million for a new fund called GPX, they would like to more than $ 500 million for the strategy. These people said that 50% of the GPX Foundation, the founder Foundation will come from Peter Thiel.

GPX uses two bent strategies. The company will previously organize about 20% of the funds managed by VCS, which previously targeted the seeds before the seeds; The remaining capital will direct the following step-by-step investments (likely to be managed by managers with the leaders of the B series B.

A fairly different approach by comparing how most businesses work. Typical VC companies are setting all its capital directly to the beginning, the Foundation’s fund model, a fund model of a fund, which has sets off a portfolio of direct assets such as the startup of the company, adopts the elements of other funds. Stock funds offer a limited partner that the radar or hard to access the hardware entry firms are a binary layer of significant shortcomings.

As the fund’s funds raised capital, 16 years have fallen down last year, According to PitchbookThey bet that Mahnerman and Linden, personal stamps, unique nets and a strategy with funds of funds, to encourage limited partners to open checkbooks for GPX.

Singerman and Linden can go on something. As enterprise-capital concentrates the greatest fundsSome of the best investors in these companies are no longer interested in being part of a large car. They are more flexible and specialized in Behemot firms and leave their own investment outfits.

The GPX bets that many generations of most generations of the next generation of Investors will be able to identify and withdraw and withdraw, the most successful portfolio companies in the managers of the singer and Linden will allow further step-by-step investments.

Where the GPX strategy is particularly valuable, often in later financing tours (A, B and lounged), stock sizes, the sizes of the Fund, in the highest performance companies, the highest performance companies protecting interest. When facing such opportunities, small VCS often climbs frequently to lift special purpose vehicles (SPV) from existing limited partners. However, these processes allow time consuming, other investors allow other investors to close coveted capital spots.

The funds with the capital of GPX behind the GPX will only take an opportunity to implement their pro-ratic rights, but also a later stage.

Information previously reported This author and Linden launches GPX, but did not provide information about the target size and other strategy information.

Singerman and Linden did not respond to a request for comment.