TLDR:
– Global Alternative Investment Management LLC successfully closed a venture capital fund targeting Groq, an AI technology company.
– The Fund participated in Groq’s recent $640M Series D round at a valuation of $2.8B.
Global Alternative Investment Management LLC Announces Successful Close of Venture Capital Fund Targeting Strategic Investment in Groq
Global Alternative Investment Management LLC (“Global Alts”) has successfully closed its latest venture capital fund, Global Alts SPV LLC-Groq AI, targeting a strategic investment in Groq, an AI technology company. The Fund participated in Groq’s recent $640M Series D round at a valuation of $2.8B. The round was led by BlackRock Private Equity Partners and other investors like Neuberger Berman, Type One Ventures, and strategic investors including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung Catalyst Fund.
Groq is known for its fast AI inference technology, delivering exceptional AI compute speed, quality, and energy efficiency. The company, headquartered in Silicon Valley, provides cloud and on-prem solutions at scale for AI applications. The unique Groq AI inference platform has seen high demand from developers seeking exceptional speed.
Global Alts aims to provide its clients with opportunistic alternative investments globally. The firm targets investment opportunities in transformative, disruptive businesses through direct investments, secondary market purchases, and co-investments. Since its inception, Global Alts has launched six funds, including those targeting late-stage global technology venture capital, financial technology, and single-purpose funds focusing on Indian-based companies.
The founding partners of Global Alts have a history of sourcing alternative investment opportunities and creating bespoke one-investor funds tailored for high-net-worth families, foundations, and endowments. Investments in alternative investment vehicles are offered only to accredited and/or qualified investors based on the terms of a confidential private placement memorandum.
For press and investment inquiries, contact Prateek Mehrotra, MBA, CFA, CAIA, Chief Investment Officer at [email protected] or 920.785.6010.
The press release is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. All investments involve risk and potential loss of capital.
Source: Global Alternative Investment Management LLC
