Maverick Launches Growth Fund

The Tiger Cub is targeting at least $500 million to invest in late-stage private companies.

Lee Ainslie, founder of Maverick Capital. (Daniel Acker/Bloomberg)

Lee Ainslie, founder of Maverick Capital.

(Daniel Acker/Bloomberg)

Maverick Capital has launched a new fund.

The Tiger Cub headed by Lee Ainslie III recently created Maverick Growth and an offshore equivalent to invest in late-stage private companies, according to a regulatory filing as well as an investor.

It hopes to raise at least $500 million and possibly as much as $1 billion, according to the investor.

Maverick

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