The new Brian Singman Fund has a development, and Peter Thil as a great motivation

GP Brian Singerman, co -founder and administrative partner of Head Capital, Lee Linden, seeks to get more than $ 500 million for a new box called GPX. These people said a large part of the GPX box, which is likely to reach 50 %, will come from the co -founder of the founder of the founders of the founders Peter Thil.

GPX uses a two -fissure strategy. The company will invest approximately 20 % of the capital in the money run by the emerging VCS who target startups before seeds and seeds; The remaining capital will go towards partnership with emerging managers in the subsequent stage investments (most likely in the series B) from their collapse companies.

It is a fairly different approach compared to how most project companies work. While VC model companies invest all their capital directly in startups, GPX adopts elements of what is known as the Fund Fund model, a less common investment strategy as the company invests part of its capital in a group of other funds, rather than directly basic assets, such as startups. While the Fund Fund provides limited partners a comfortable way to reach hard -to -reach companies, there is a major defect in the double layer of drawings: those who are characterized by boxes and those funds by the main managers.

While the capital gathered by the fund fund companies reached its lowest level last year, last year, According to KotkukSingerman and Linden are betting that their personal brands and unique and strategic networks, which are only partial, will encourage the limited partners to open their check books for GPX.

Singerman and Linden may be on something. The investment capital also focuses on The biggest moneyThe best investors in these companies are no longer interested in being part of a large machine. They leave the giant companies to launch their own investment clothes as they can be smarter and more specialized.

GPX is betting that the next generation of VC investors will determine many powerful companies in the early stage, allowing Singerman and Linden to share subsequent stage investments in the successful portfolio companies for emerging managers.

Below where the GPX strategy becomes a special value: VCS in the early stage often tries to exercise pro -financing rights in subsequent financing rounds (Series A, B, and beyond), but the sizes of their boxes usually prevent them from maintaining the property rate in high -performance companies. When facing such opportunities, the small VCS often scrambles to raise special compounds for special purposes (SPVs) from its current limited partners. However, these processes take a long time, allowing other investors to pick up desirable stock points in the most popular deals.

With GPX capital behind them, emerging funds will have an opportunity not only to exercise their pro -fees rights but also lead a round later.

Information I mentioned earlier Singerman and Linden GPX releases, but they have not provided details about the target size of the fund and other strategy details.

Singman and Linden did not respond to a request for comment.