Dragoneer raised $1 billion from the "guilty" of star assets like OpenAI and SpaceX

On August 31st, the investment agency Dragoneer Investment Group raised $1 billion for a new, renewed fund under the flag, using the shares of star assets held under the flag of OpenAI, SpaceX, Databricks and the wealth management company Creative Planning as “chips”. However, informed sources have revealed that Dragoneer ' s initial financing target was $2 billion, and it is not clear what assets the $1 billion fund that was finally raised specifically contains. It has been learned that Dragoneer hopes to increase the Fund ' s attractiveness to investors by establishing a continuation fund to retain part of its existing assets for longer periods. The fund-raising exercise also reflects the fact that, as valuations of popular private technology companies, such as OpenAI and SpaceX, continue to receive market attention, holding early or private equity in these companies is becoming an important leverage for asset management agencies in fund-raising and asset restructuring. (Bompberg)