Fidelity Raises $250 Million for Venture Capital Investments

Team S · 2024-10-03T08:59:44.000Z

Fidelity, the Boston-based asset manager, has successfully raised $250 million for its first venture capital fund, Fidelity Venture Capital Fund I. This fund aims to make minority investments in mid- to late-stage private companies, focusing primarily on the U.S. technology, media, and telecommunications sectors. The fund has already invested $31 million in companies like SpaceX and CoreWeave[1]. This move represents Fidelity's expansion into the private asset space, meeting growing client demand and seeking higher margins compared to public markets. #FidelityInvestments #VentureCapital #PrivateEquity #TechInvestment #AssetManagement #PrivateMarkets #SpaceX #CoreWeave https://www.pymnts.com/news/investment-tracker/2024/fidelity-raises-250-million-dollars-venture-capital-investments/

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Fidelity Raises $250 Million for Venture Capital Investments | Newnex