Investment firm 1789 Capital is in discussions to raise $3B for its second growth fund, a person familiar with the matter told Bloomberg News.
The size of the capital raising program could increase, according to the sources, who requested anonymity to discuss private information.
The Palm Beach, Florida-based growth equity and venture capital firm is focusing on startups, the report published on Wednesday noted.
1789 Capital, where Donald Trump, Jr., is a partner, is said to be leading a $1B funding round for the prediction markets platform Polymarket 
POLYMARKET.
The firm’s first growth fund was launched in 2023, and had posted returns of over 200% through the end of June, according to one of the sources.
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