# Altimeter targets $2.5 billion fund for late-stage companies

_Published Monday, November 9, 2026 at 10:07 PM EST · Capital · Latest · Tier 2 — Notable_

Altimeter Capital Management is targeting a $2.5 billion venture capital fund for late-stage, pre-IPO companies, Bloomberg reported, citing securities filings and a person familiar with the matter.

The OpenAI and Anthropic investor is also discussing raising around $800 million to $900 million for a separate venture fund backing younger startups, the person said.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-11-10/openai-backer-altimeter-targets-more-than-3-billion-for-private-markets-funds)

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Canonical: https://techandbusiness.org/newswire/P5k22TpMFwLqoaRiatm1fy
Published: 2026-11-10T03:07:14.480Z
Story chronology: 2026-11-10T01:46:11.000Z
Retrieved: 2026-11-10T05:14:21.066Z
Publisher: Tech & Business (techandbusiness.org)