Menlo is currently fundraising for its 16th flagship fund, which is targeting $500m and has secured commitments from the New Mexico State Investment Council and University of Alabama System.
SWaN & Legend, T. Rowe Price and Revolution Growth collectively own about 33.8m shares valued at nearly $1.5bn based on the closing price of $43.30.
Coller Capital’s biannual survey of global LPs reveals low expectations for the venture industry this year.
Bicycle Capital has raised $440mn for its debut fund, anchored by Mubadala Investment Company and Claure Group – the family office of Bicycle's founder, Marcelo Claure, former COO of Softbank Group.
'We brought in a lot of strategic people high up in their industries, and there’s actually quite a few VCs invested in our fund as well,' Peakview founder Erik Lasilla tells Venture Capital Journal.
Concerns over the manager's performance and its failed investment in FTX have made for a rockier road drawing in LP commitments.
The market for sub-$100m LP stakes is underserved by intermediaries, says Tap chief executive Jeff Leathers
The Antler Elevate fund will provide scale-up capital from Series A onwards to early-stage companies that show compounding growth.
LP turnover has long been a challenge for many institutions, especially on the public side, as the loss of a veteran leader can disrupt the knowledge and plans of the portfolio built under his or her tenure.
Pear is made up of 'some of the hardest working VCs I’ve ever met,' says Joanna Rupp, who manages the $2.8bn PE portfolio for the University of Chicago's endowment.