Emerging Managers | Market Trends
VC is performing better than ever. Why are so few first-time funds being raised?
2020 was a record year for venture fundraising, with nearly $80 billion of fresh capital, and this year is on pace to crack $100 billion. But fundraising by first-time managers hasn’t been keeping pace with that growth. Here’s why.
The use of placement agents for Emerging fund managers
For emerging managers, the actual capital raise of a fund represents the most significant friction point for getting off the ground (and early on, scaling a firm). This issue has prevented many aspiring investors from starting firms, and has led to the...
A Comeback of the First-Time Venture Fund? Stay Tuned
“More debut-fund managers are striking out on their own, emboldened by strong returns in the markets… Also, fund investors are looking for ways to back emerging venture firms, which, research shows, tend to outperform the market and be more diverse.”
VC is performing better than ever. Why are so few first-time funds being raised?
2020 was a record year for venture fundraising, with nearly $80 billion of fresh capital, and this year is on pace to crack $100 billion. But fundraising by first-time managers hasn’t been keeping pace with that growth. Here’s why.
File this one under: DO NOT MISS 🌟
The very first LP Roundtable on the #VentureUnlocked podcast is a *must listen* ... episode.
Featuring insights from @cdouvos, @guyperelmuter, and @Beezer232.
https://ventureunlocked.substack.com/p/lp-roundtable-with-chris-douvos-ahoy
#OpenLP
In the early stages of the life cycle of a fund, the most frequently used performance metrics (MOIC, TVPI, DPI, IRR) may... not be very reliable...
So what are the key VC performance metrics beyond just common multiples?
https://www.bfp.vc/vc-performance-metrics-for-early-stage-funds-beyond-common-multiples/ by @marcocsolinas
How can emerging fund managers prepare for access to new capital?
@cartainc, @DLA_Piper, + @WeaverCPAs are hosting a ... webinar tomorrow on just this topic.
Be sure to register! 👇
https://weaver.com/webinar/webinar-hear-gp-and-lp-perspectives-fundraising-emerging-managers
The Weekend Read:
"Endowments are posting their best returns since the 1980s... In many cases, this validates the ... so-called "endowment model" championed by the late David Swensen of Yale, which over-allocates to illiquid securities."
https://www.axios.com/higher-education-endowment-growth-investments-7b745c31-693d-4ee8-a522-1accf6ca62fd.html by @danprimack
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