Ryan Hibbison
Ventech's focus on generating liquidity for its LPs has helped the firm close on 'roughly two-thirds' of the €225m target for its sixth flagship fund, says president Jean Bourcereau.
Raising a sophomore fund can be even harder than closing on a debut fund. Successful fundraisers share the tricks of the trade.
Rishi Taparia, co-founder and general partner of Garuda Ventures, talks about growing up in Indonesia, basketball and why he has a replica of a Tyrannosaurus rex skull.
A recent settlement likely means the SEC is already investigating private funds – including VCs that are Registered Investment Advisers – for compliance breaches related to off-channel communications.
The late-stage software investor managed to produce three exits in four weeks to end Q1 2024 even as exits via traditional routes drop quarter-on-quarter.
The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.
Just how tough is it to raise a sophomore fund? OpenLP boldly predicts 'we could see up to 347 first-time managers exit the market' if success rates drop 5-15% from historical averages.
LPs in Fund II, which is targeting €200m, include returning LPs Fonds National d’Amorçage 2 and former Berkshire Partners managing director Bradley Bloom.
Dart’s debut fund recently held a first close on just over $2m with support from former Goldman Sachs president Gary Cohn, Wingspan Capital co-Cio Andrew Eberhart and Fifth Third Bank chief economist Jeff Korzenik.
They make up just a small portion of the venture industry, but women who have managed to break into the business are thriving, judging by Venture Capital Journal's most popular stories this week.