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ICONIQ Growth raises $5.75B seventh flagship fund
Iconiq Capital has raised $5.15 billion across two funds associated with the seventh growth fund family, according to SEC filings. The firm, which
The firm, which launched in 2011 as a private office managing capital of some of the most prominent and wealthiest people in tech, including Mark Zuckerburg and Jack Dorsey, originally targeted $5.75 billion, according to meeting information from New Mexico State Investment Council, the Wall Street Journal reported in March 2022. Tiger Global was widely criticized for investing capital too quickly at exuberant prices during the 2020 and 2021 tech boom (though it always pushed back on the idea that it was overpaying). Iconiq has realized several dozen exits from its portfolio in recent years, including the IPOs of Snowflake, Airbnb, GitLab and Hashicorp, according to PitchBook data.
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