SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund Thursday, April 29, 2021
Laxman Pai, Opalesque Asia:
Chicago- headquartered Valor Equity Partners announced that it officially closed its fifth fund - Valor Equity Partners V - at $1.7 billion. The oversubscribed fund closed at its hard cap.
Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.
Led by Antonio Gracias, Valor is perhaps best known for its investments in Elon Musk-owned companies Tesla, SpaceX, and The Boring Company. It s also backed a handful of Chicago startups, such as Cameo, Ocient, Fooda, Catalytic, and Uptake.