Founders Fund is about to close another $3B fund

Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and  Axios also reported.

The fund, which is intended primarily for additional investments in its successful late-stage portfolio companies, is expected to be significantly oversubscribed.

Founders Fund’s previous $3.4 billion growth fund closed in early 2022 and is fully invested in companies like Rippling, which raised $200…