TLDR:
- Magnetar, based in Evanston, raised $235 million for its AI venture fund
- The fund attracted capital from anchor investors PEAK6 Strategic Capital and Apex Fintech Solutions
An Evanston, Illinois-based firm, Magnetar, closed its initial venture fund with a total of $235 million in investments. The fund, Magnetar AI Ventures Fund, received capital from anchor investors PEAK6 Strategic Capital and Apex Fintech Solutions. This fund builds on Magnetar’s expertise in multi-strategy hedge funds, spanning both private and public sectors.
The focus of the AI venture fund will be on investing in artificial intelligence technologies to drive innovation and growth. This successful fundraise demonstrates the confidence and support in Magnetar’s abilities to navigate the evolving landscape of alternative investments.
