Millennium Management Raises Record $20B Capital Amid AI Boom

Millennium Management negotiates a record $20B capital raise in two phases, leveraging 10.5% 2025 returns and $92B AUM to capitalize on AI-driven hedge fund inflows.

Woofun AI reports that Millennium Management is negotiating to raise approximately $20 billion in new capital, a figure significantly exceeding initial plans and poised to set a company record. The fundraising process will occur in two phases and includes swapping capital managed by external fund managers, with President Ajay Nagpal overseeing the operation.

Goldman Sachs data indicates that the AI boom is driving strong performance in the hedge fund industry, with all major strategies recording net inflows in the first half of 2026 for the first time in five years. Quantitative and multi-strategy funds attracted particularly robust capital, while Millennium reported a 10.5% return rate in 2025 and currently manages assets exceeding $92 billion.