Sands Capital closes $1.1bn Global Innovation Fund III

Sands Capital announced the successful close of Global Innovation Fund III, which raised $1.1 billion, exceeding its $1 billion target.

The oversubscribed fund was supported by a concentrated base of existing limited partners and strong interest from new institutional investors, technology company founders, and executives.

The fund will continue Global Innovation’s approach of investing in a small number of category-defining technology companies, with particular emphasis on long-term secular themes such as artificial intelligence, next-generation defense, and intelligent infrastructure.