Disruptive Raises Reported $10B Megafund for Concentrated Late-Stage Bets

Disruptive reportedly raised a $10B discretionary fund targeting at least 10 growth and late-stage companies, with checks up to $1B across AI and defense. Its move away from deal-by-deal vehicles reportedly doubles AUM and signals a large pool of concentrated private capital. Commitments are not deployed investments; timing, LP details and targets remain unclear.