Parenthesis capital, a global multi-asset investment manager focused on growth and late-stage technology companies, closed his second fund, Bracket Capital Fund II, LP, at $ 150 million.
The company has raised an additional $ 300 million in co-investment vehicles to invest alongside Fund II for a total of at least $ 450 million of equity to deploy.
Led by Managing Partners Yalda Aoukar and Jihan Bowes-Little, Bracket received 100% support from its Fund I investor base and welcomed new investors including investment management firms, their owners, as well as international and national family offices and global institutions.
In line with the Company’s investment strategy for Fund I, Fund II will invest in private companies through primary financing rounds and secondary market purchases from employees and early investors of these companies to the search for liquidity.
Fund II is already deployed in a diverse set of high growth companies.
Bracket Capital’s inaugural funds, launched in 2017, invested around $ 200 million in equity, including co-investment vehicles. Notable investments include: SpaceX, Airbnb, Clover Health, Palantir, Coinbase, SoFi, eToro, Reddit, Impossible Foods, Bird, Clutter, and Hive.AI, among others.
Bracket also manages the Bracket Foundation, the philanthropic arm of the company that is currently engaged with the United Nations on a multi-year project to tackle online sexual abuse of children using artificial intelligence.