Fund

Thrive Capital

New York · founded 2010 · ~$50B AUM

Josh Kushner's firm, best known for OpenAI and Stripe. Co-led Anduril's 2026 round at $61B. Refuses to comment on its limited partners, including whether any are sovereign wealth funds. CalPERS is a documented LP.

Size

$50B under management

Latest fund: $10B (2026)

As of 2026-02-17 · source

Thrive X closed February 2026 at $10B+; Thrive IX was $5B (2024).

Runs it

Josh Kushner

Pension investors

• California CalPERS
  $949.2M committed · as of Dec 31, 2025
• Massachusetts PRIM
  $65M committed · as of Aug 4, 2026
• Ohio STRS Ohio
  $60M committed · as of Jun 30, 2026

From each pension fund's own documents. Partnerships and sources are on What the pensions hold.

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