Facebook vice president Chamath Palihapitiya will quit the social networking company to roll out a new venture fund, TechCrunch reports. The new fund Social+Capital Partnership will have an initial size of $200-400 million.
The vehicle will target a broad range of investments in technology, healthcare, education and financial services. Investors in the fund have not yet being disclosed, although Palihapitiya is the largest single limited partner.
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