Fund
Founders Fund
San Francisco · founded 2005 · ~$17B AUM
Peter Thiel's firm. Anchor backer of Anduril since the 2017 seed and lead of Palantir's early rounds. About 20% of managed capital is the partners' own money, unusual for VC. Closed a $4.6B growth fund in 2025, wrote a $1B check into Anduril the same year, its largest ever, and was closing a $6B successor fund in 2026.
- Size
- $17B under managementLatest fund: $6B (2026)As of 2025-12-31 · sourceGrowth IV of $6B reported nearing close in March 2026; Growth III was $4.6B (2025).
- Runs it
- Pension investors
- None found in the 44 state pension funds checked.From each pension fund's own documents. Partnerships and sources are on What the pensions hold.
- Backs on this map