Dallas-based Disruptive raised $10B to invest in AI, defense, and software, doubling its AUM, and pivots from single-deal SPVs to a discretionary fund structure (Natasha Mascarenhas/Bloomberg)

Natasha Mascarenhas / Bloomberg: Dallas-based Disruptive raised $10B to invest in AI, defense, and software, doubling its AUM, and pivots from single-deal SPVs to a discretionary fund structure  —  The Dallas-based firm plans to back 10 later-stage companies with $1 billion each.  —  Disruptive, a 15-year-old investment firm based …