Founders Fund's fourth growth fund is nearing completion, with a fundraising target of $6 billion.

According to Mars Finance, market sources familiar with the matter revealed that Peter Thiel's Founders Fund is nearing completion of fundraising for its fourth growth fund, expecting to secure $6 billion in capital commitments. External investor demand exceeded the fund's capacity, with approximately $1.5 billion coming from Founders Fund partners themselves. This fundraising comes less than a year after the closure of its third $4.6 billion growth fund, which was primarily used for follow-on investments in successful late-stage companies.