Source: 1789 Capital, where Donald Trump Jr. is a partner, is in talks to raise $3B for its second growth fund and has already raised $2B of that target amount

If you are looking to raise growth capital, 1789 Capital is now seeking significantly more funds for its next deployment.

1789 Capital, an investment firm with Donald Trump Jr. as a partner, is reportedly in discussions to secure $3 billion for its second growth fund. The firm has already committed to raising $2 billion of this $3 billion target. The specific investors involved in these talks have not been disclosed. This fundraising effort follows the firm's previous success with its first growth fund, though details on its performance or size are not provided here. The firm's activities indicate continued investor interest in its investment strategy.

The substantial fundraising target of $3 billion signals 1789 Capital's ambition and perceived opportunity in the current growth equity market. Reaching $2 billion already indicates strong initial investor confidence, potentially setting a precedent for future large-scale funds. This move could attract more deal flow to the firm as it prepares to deploy significant capital.

This development positions 1789 Capital as a notable player among growth-stage investors. The firm's ability to attract considerable capital, especially with high-profile partners, suggests a robust network and a compelling investment thesis that resonates with limited partners. Investors should watch for the specific sectors and companies 1789 Capital targets with this new fund.