Altimeter Weighs $3 Billion Private-Markets Fundraising Plan

Altimeter Capital Management is weighing a $3 billion raise for private-market funds, including a new venture vehicle for late-stage companies; the firm listed 33 private funds in a March filing.

Altimeter's Form ADV dated March 31, 2026, listed approximately $18.8 billion in regulatory assets under management. Its 33 private funds included 31 venture capital funds and two hedge funds.

Altimeter launched 16 venture capital funds in the 12 months through October 2026. The launches included the $750 million Altimeter Venture Partners Fund VIII in March. The firm also closed its $1.5 billion Premier Growth Expansion Fund in June.

Anthropic was Altimeter's largest private-fund investment, and the firm also held a major stake in OpenAI. Nvidia accounted for roughly 19% to 23% of Altimeter's stock holdings in its second-quarter 2026 Form 13F, a quarterly disclosure of large investment managers' U.S. stock holdings.

Altimeter founder Brad Gerstner established the firm in 2008. The Menlo Park firm invests in public and private technology companies. The new vehicle's individual target and how the $3 billion would be allocated across funds have not been disclosed.