Image courtesy : Joshua Kushner(left) on Instagram

Thrive Capital, the venture capital firm focused on internet and software investments and led by Oscar Health and Vostu co-founder Joshua Kushner with notable exits like Twitch, GitHub, Jet.com and Instagram has now closed on commitments of up to $1 billion for its sixth flagship fund. It raised $600 million for late stage deals and an additional $400 million for earlier bets with its total assets under management till date now coming at $2.5 billion.

Joshua Kushner as the name sounds familiar is related to Joshua Kushner, son-in-law and senior advisor to U.S. president Donald Trump and is also the son of American real estate tycoon Charles Kushner.

33 year old Kushner counts entrepreneurial stints as co-founder of Vostu, a Brazillian social gaming startup whose value was once estimated at $300 million and Oscar, a healthcare startup that raised $375 million from Alphabet this August with a reported valuation of $3.2 billion.

Kushner also founded Cadre, a NY based real estate tech company with more than $1 billion under management along with Jared and Ryan Williams who currently occupies the position of CEO. Cadre was last valued at $800 million and has raised around $133 million in total equity.

Thrive raised its first $10 million fund in 2009 with several rounds of $40 million, $150 million, $400 million, $700 million and now $1 billion in commitments following respectively. This new commitment also notably comes just days after Kushner’s marriage to supermodel and Kode With Klossy founder Karlie Kloss.

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