Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer
Brian Singerman and Lee Linden are raising over $500 million for a new fund, GPx, with significant backing from Peter Thiel.
MAIN POINTS
- Brian Singerman and Lee Linden are launching a new fund named GPx.
- They aim to raise over $500 million for this venture.
- Founders Fund co-founder Peter Thiel may contribute up to 50% of the fund.
- The information was disclosed by three sources familiar with their strategy.
TAKEAWAYS
- GPx is a new financial initiative by prominent investors Singerman and Linden.
- The fund seeks substantial financial support, highlighting its ambitious scale.
- Peter Thiel's involvement indicates strong backing and potential influence.
- The fund's strategy and details were shared with TechCrunch by informed sources.