Startups

Peter Thiel Bets $250 Million on Venture Debt Fund

Tacora Capital counts the billionaire as its anchor investor.

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lizette Chapman

December 8, 2022 at 2:00 PM UTC

This article is for subscribers only.

Peter Thiel has had a busy 2022, directing time and money into two US Senate races, a Maltese citizenship, a handful of venture capital funds and more than a dozen technology startups. Among his single biggest bet: venture debt.

The billionaire invested $250 million in Tacora Capital, according to the venture debt firm, which was started this year by Keri Findley, a former partner at Third Point. It’s an unusually large investment for Thiel, the size of which hasn’t been previously reported.