Disruptive launches $10 billion blind-pool fund targeting AI and defense startups

Investment firm Disruptive announced a $10 billion blind-pool fund to back at least 10 late-stage companies, with individual checks of up to $1 billion. The firm, which has previously invested in Palantir, Airbnb, and Spotify, aims to fund capital-intensive sectors including AI and defense. The fund has already secured at least $7.5 billion in capital commitments from limited partners, making it the largest venture fund raised in Texas history.