TLDR:
– Iconiq Growth is a venture capital fund associated with wealthy tech and celebrity clients.
– The fund recently closed its largest ever seventh fund at $5.75 billion.
Inside Iconiq Growth, one of Silicon Valley’s most mysterious venture capital funds, is shedding some light on the firm’s operations. Founded by Divesh Makan, Iconiq Growth recently closed its largest ever fund, targeting early entry into hot deals. The fund boasts a wide network of wealthy clients, managing over $60 billion in assets, with a focus on enterprise software, fintech, and AI sectors. The firm’s approach to high standards and uncommon care for founders has earned them impressive returns across various funds. Despite their previous secrecy, Iconiq Growth is now more open about their operations due to founder feedback, given the high-profile nature of the industry.
