Iconiq Capital Raises $5.15 Billion in Seventh Growth Fund Series

Iconiq Capital, the renowned private equity firm founded in 2011 to manage the wealth of tech luminaries such as Mark Zuckerberg and Jack Dorsey, has successfully secured $5.15 billion across two funds linked to its seventh growth fund series, as revealed in SEC filings. Initially aiming for $5.75 billion, as per reports from the New Mexico State Investment Council, the firm has witnessed significant traction in its fundraising efforts, although it remains uncertain if Iconiq is still actively seeking capital to meet its original target.

The latest fundraise marks a notable surge from Iconiq's previous fund, with Fund VI setting a target of $3.75 billion. Despite the absence of immediate comments from Iconiq regarding this recent development, the firm's consistent track record and its ability to attract substantial investments underscore its prominence within the private equity landscape.