Hints and tips:
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...LPs in large venture firms, including Andreessen Horowitz, Josh Kushner’s Thrive Capital and David Sacks’ Craft Ventures, had also sold stakes in funds over the past 12 months using the secondary market,...
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...Now, Silicon Valley’s most storied venture capital firm is fighting to retain the confidence of its own investors....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Last year private equity and venture capital transactions in the global renewable electricity sector reached $7.2bn, the highest total in five years, according to S&P Global Market Intelligence....
...“LPs don’t usually like to put pressure on VCs to spend money, but if you’re entering your third year of not doing anything, they’re starting to ask what are my fees for,” said a Silicon Valley venture capital...
Streaming losses narrow as entertainment group plots new ventures including $1.5bn investment in Epic Games
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...“We did $500mn of venture investing last year. I can’t turn around to the venture team and say invest $2bn. There’s not enough deal flow,” he said....
...But government support is just one of many factors behind the change, according to Kathy Matsui, co-founder of Tokyo-based venture capital fund, MPower Partners....
...had previously taken aim at fitness company Peloton, said it planned to nominate Warner Brothers Discovery executive Jessica Schell, Tribeca Film Festival co-founder Craig Hatkoff, and Leah Solivan, a venture...
...One of the parts of the proposed rules that has sparked much concern is a carve-out for US limited partners (LP) — the endowments, pension funds and charities that put money into venture funds....
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...The transaction allowed Quiet Capital LPs to sell half or all of their stake in the fund to new institutional investors at Goldman Sachs Asset Management and Blackstone Strategic Partners — both secondary...
...risk that Kelly points out is that individual banks may become overexposed to the private asset industry on the deposit side of their balance sheets, the way Silicon Valley Bank was overexposed to the venture...
...Another wondered, “who’s going to blink first” on valuations, adding that LPs may soon start asking if “maybe we should sell these assets”....
...“So the LPs have more leverage today than they’ve often had.” Questions over questionnaires One of the things LPs are looking for is better disclosure on ESG performance....
...They stand at around one-third for private equity trusts and around half for venture capital funds. Cynics suspect net asset values should be much lower than stated....
...The most chaotic year in the venture capital firm’s 51-year history has prompted some investors to ask unprecedented questions of the firm and its direction under chief Roelof Botha, DD’s George Hammond...
...Hoxton Ventures has named Bryan Gartner as a partner in London. He was previously a partner at Khosla Ventures....
...France’s hot artificial intelligence group Mistral is speaking with heavyweight venture capitalists including General Catalyst and Andreessen Horowitz about a deal to raise up to €400mn at a valuation between...
...from American LPs....
...Paying back the investors Before committing new funds to private equity, investors generally like to see returns from previous ventures....
...“We cannot suggest opportunities fast enough,” said a partner at one global venture fund with a San Francisco office. “They are eager for what we have from San Francisco to Orlando.”...
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