Technology-focused investment firm Altimeter Capital is seeking to raise $2.5 billion for its ninth Premier Growth fund, according to a regulatory filing with the US Securities and Exchange Commission (SEC).
The Menlo Park, California-based firm is raising the capital through a new investment vehicle known as Altimeter Premier Growth IX, L.P.
SEC Filing Identifies Key Individuals Involved
A regulatory Form D submitted to the SEC indicates that the fund has not raised any capital so far.
The filing identifies Brad Gerstner, John Kiernan III and Matthew Tolve as individuals associated with the fundraising effort.
The $2.5 billion target represents the planned fundraising amount for the firm’s ninth fund under its Premier Growth strategy.
Firm Focuses on Technology Investments Across Growth Stages
Altimeter Capital is an investment firm specialising in technology companies.
It backs entrepreneurs developing businesses aimed at building iconic companies, disrupting existing markets and improving people’s lives.
The firm manages several investment funds with exposure to both public and private markets.
Altimeter also positions itself as a long-term partner to companies throughout their growth journeys, with a particular focus on supporting businesses as they transition into the public markets.
