EMERGING and Promethean Raise $300M Experience Fund With $500M Hard Cap to Invest in Hospitality AI, IP Holdings, and Automation Platforms
EMERGING and Promethean Investments launched The Experience Fund (XPR) on August 14, 2026, a $300 million vehicle with a $500 million hard cap that will invest in artificial intelligence, IP holdings companies, and automation platforms built for hospitality and experiential entertainment. The fund is co-sponsored 50/50 by the two firms and led by EMERGING Managing Partner Mathew Focht and Promethean Managing Partner Michael Burt, according to the announcement. XPR targets what the firms call… [...]
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