New details have emerged about Valor Equity Partners’ Fund VII, which last year filed paperwork with the U.S. Securities and Exchange Commission to begin raising capital.
Bloomberg reported Wednesday that the fund is targeting at least $2.5 billion in capital, a portion of which has already been set aside for further investments in SpaceX. This may not be a surprise, given that the firm and its founder, Antonio Gracias, are long-term supporters of Elon Musk. According to Bloomberg, Valor Equity Partners owns around 4% of SpaceX, which debuted on the public markets last week.
