Overview
- Thrive X is the firm’s 10th fund and totals $10 billion, nearly doubling the size of its previous vehicle.
- $1 billion is earmarked for early-stage deals, with the remaining capital focused on growth-stage investments.
- Thrive told Bloomberg the raise was oversubscribed, indicating strong demand from limited partners.
- The firm emphasizes committing deeply to a small number of founders and has incubated 12 startups, at least six of which have reached unicorn status.
- Portfolio holdings include OpenAI, Stripe, SpaceX, Databricks, Anduril, and Cursor, with Josh Kushner calling AI still nascent and IPO chatter around OpenAI and SpaceX reported as speculative drivers of potential LP returns.