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Dragoneer, Altimeter Look to New Funds as Unicorns Burgeon (1)

July 6, 2021, 7:43 PM

Marc Stad’s Dragoneer Investment Group and Brad Gerstner’s Altimeter Capital Management are each seeking to raise new vehicles dedicated to backing fast-growing technology companies, according to a person with knowledge of the matter.

Dragoneer is in talks to raise $2.5 billion and Altimeter has targeted $1 billion for bets on startups, the person said. The firms are courting so-called limited partners such as pension funds, sovereign wealth funds and family offices, the person said. Terms of the fundraising efforts aren’t finalized and could still change.

“While we can’t comment on our specific fund-raising activities, it should come as ...