Altimeter Capital plans to raise over $3 billion for private equity investments.

Altimeter Capital Management, an investor in OpenAI and Anthropic, is raising a new fund for its private market business. The firm plans to establish a $2.5 billion venture capital fund to invest in late-stage and pre-IPO companies. Altimeter Capital Management is also in discussions to raise $800 million to $900 million to invest in young startups. (Source: Jinshi)