Altimeter Capital Management is raising $3.3–$3.4 billion in new funds to expand its private-market investment strategy, with a focus on AI-driven companies. The firm plans to allocate $2.5 billion to a venture capital fund targeting late-stage, pre-IPO firms and approximately $800–900 million for an early-stage startup fund across multiple sectors. The fundraising follows Altimeter’s deployment of its $1.6 billion growth fund and $1.5 billion expansion fund, both closed last year, into high-profile AI unicorns including OpenAI and Anthropic. These investments have positioned Altimeter as one of the most prominent backers of frontier AI startups ahead of anticipated public listings.