Third Point Poised to Raise $350 Million in its First Venture Capital Fund, Exceeding Initial Aim

After a series of successful investments in early stage startups, the firm expands its venture capital business, which has focused on fintech, mobile and healthcare.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point expects to raise more than $350 million when it finally closes its first dedicated venture capital fund at the end of the summer, according to an investor.

At the end of last year it was widely reported the firm, best known for its activism, hoped to pull in $300 million for the fund, Third Point Venture Fund I LP, and an offshore equivalent.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.