Altimeter Capital Management, a US-based investment firm that invests in public and private technology companies, is seeking US$2.5 billion for a new late-stage venture fund.

The fund will focus on pre-initial public offering companies, according to a Securities and Exchange Commission filing and a person familiar with the matter.

The firm is also discussing a separate fund of about US$800 million to US$900 million for younger startups, the person said.

That comes after Altimeter closed a US$1.6 billion growth fund in 2025 that backed seven companies.

Altimeter has also invested in OpenAI and co-led Anthropic’s last fundraising round.

🔗 Source: Bloomberg