Scoop: Founders Fund seeks $3 billion for new fund

• It also will have access to the incoming White House, thanks to Thiel's longtime support of President-elect Trump and the firm's numerous investments with Elon Musk.

Catch up quick: Founders Fund in 2022 raised $3.4 billion for its second growth equity fund and $1.8 billion for its eighth early-stage fund.

• Early last year it split the early-stage fund in half, due to a perceived dearth of opportunities, and hasn't yet begun investing what it now calls "Fund IX."
• There were also talks about splitting the growth fund, but that didn't happen and now most of that money has been invested — including in capital-intensive AI companies.

Behind the scenes: Founders Fund hasn't provided prospective investors with an official size target for the new effort, but has said that $3 billion would be the approximate size.

• A firm spokesperson declined comment.