To generate liquidity for limited partners in its first fund, Primary Venture Partners has completed a $95 million secondary strip sale to StepStone Group, Venture Capital Journal has learned.
Global venture capital fundraising experienced a significant decline in 2023, but it was the fifth consecutive year when the total exceeded $100bn.
Exclusive research by Venture Capital Journal found that more than 160 women-led venture firms have raised a combined $6.5bn since the start of 2022.
NMSIC committed $10m to Next Frontier Capital's fourth fund, which is targeting $125m to invest in B2B tech companies in the Rocky Mountain region.
Menlo Ventures' newest partner, Rama Sekhar, says 'it’s still too darn hard for [enterprise] companies to deploy AI.'
ArcTern closed on $335m for its third climate-focused fund, including a $25m commitment from Canadian Pension Plan Investments.
Firm founder Jason Howard says New Catalyst Strategic Partners plans to initially do seven to 10 deals, with investments between $60 million and $75 million or more.
Distributions are key to an improved fundraising market. 'DPI tells the story,' says QED co-founder and chief investment officer Frank Rotman.
An extended timeline to liquidity means LPs will be more careful about which GPs they continue to allocate to in 2024.
The Palo Alto-based firm lives up to its name as it raises third fund from LP base including institutions from around the world.