---
title: "OpenAI Backer Altimeter Targets More Than $3 Billion for Private Markets Funds"
type: signal
url: https://frontiernewswire.com/s/openai-backer-altimeter-targets-more-than-3-billion-for-private-7372d225
published: 2026-11-10T01:46:11.000Z
byline: "Source: Bloomberg Tech"
---

# OpenAI Backer Altimeter Targets More Than $3 Billion for Private Markets Funds

Source: Bloomberg Tech · Published 2026-11-10 · Canonical: https://frontiernewswire.com/s/openai-backer-altimeter-targets-more-than-3-billion-for-private-7372d225

Altimeter Capital Management, a prominent OpenAI and Anthropic PBC investor, is raising a set of new funds for its private markets investment work.The firm is targeting a $2.5 billion new venture capital fund to back late-stage, pre-IPO companies, according to securities filings and a person familiar with the matter. Altimeter is also in discussions to raise around $800 million to $900 million for a new venture fund that will back a diverse group of younger startups, according to the person, who

## Sources

- [Read the original at Bloomberg Tech](https://www.bloomberg.com/news/articles/2026-11-10/openai-backer-altimeter-targets-more-than-3-billion-for-private-markets-funds)

## Related on Frontier

- [Ardian Raises €1 Billion Europe Semiconductor Fund With Middle East Backing](https://frontiernewswire.com/s/ardian-raises-1-billion-europe-semiconductor-fund-with-middle-east-881acbf9)
- [Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)](https://frontiernewswire.com/s/sources-openai-has-closed-on-new-funding-of-roughly-11b-at-a-1-25t-242c5a59)
- [Filing: Google spent roughly $548M to buy around 3M shares of Qualcomm, which is pushing into serving the AI data center market (Ryan Barwick/The Information)](https://frontiernewswire.com/s/filing-google-spent-roughly-548m-to-buy-around-3m-shares-of-qualcomm-2a483500)
- [AI Safety Advocates Make Gains After $110 Million Midterm Fight](https://frontiernewswire.com/s/ai-safety-advocates-make-gains-after-110-million-midterm-fight-c77df685)
- [OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value](https://frontiernewswire.com/s/openai-completes-11-billion-portion-of-funding-at-1-25-trillion-value-e892fa11)

---

[More Latest Signal](https://frontiernewswire.com/) · [Signals](https://frontiernewswire.com/verified-reporting)