Chamath Palihapitiya Confirms That His Social+Capital Partnership Has Raised A New Fund Of $275M+

Chamath Palihapitiya, the early Facebook executive who left the company in 2011 to launch The Social+Capital Partnership, said today that he has raised a second fund. Palihapitiya, who was speaking a the Launch conference in San Francisco, didn't specify the fund size or the limited partners who invested. (The fund was earlier revealed in a regulatory filing that pegged its size as $325 million, but firm hadn't commented.) He did say that it was "more than $275 million" (the size of his first fund), and that it came from "the same folks," as well as some "really amazing" additions. He also mentioned the Mayo Clinic as an LP, and he talked proudly about how his investment returns can fund improvements in the hospital.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/F7fJFiYYIzE/

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