Thiel’s Founders Fund Raises $6 Billion in Its Largest-Ever Haul

Peter Thiel’s Founders Fund has raised $6 billion for a new fund to invest in later-stage companies, according to people familiar with the matter, marking the firm’s largest haul ever.

The majority of the capital — $4.5 billion — comes from limited partners, including sovereign wealth funds, according to one of the people, who spoke on the condition of anonymity to discuss private information. The remaining $1.5 billion is from senior management and employees at Founders Fund, including Thiel, the people said.

The firm’s fourth growth-stage investment vehicle was assembled less than a year after its predecessor, marking the fastest succession in Founders Fund’s two-decade ...