BFP #OpenLP Series — How we assess fund investments: (2) MoIC & DPI

What are MoIC and DPI? Multiple on Invested Capital (MoIC) is calculated by dividing the fund’s cumulative realized and unrealized value by the total dollar amount of capital invested by the fund....

Realistic Fundraising Targets For Emerging Venture Funds

of early stage venture and start-ups. The recent article I posted about the current fundraising environment focused primarily on the macro conditions driving limited partner appetite into emerging ...

An Unintended Consequence Of Capital Efficient Companies

I recently read an analysis that brought together several important industry trends. On the one hand, there’s nothing in it that the public didn’t already “know”. On the other, the analysis pr...

Thinking About Returns

Our Syndicate Fund is a venture-focused strategic fund of funds. Our work puts us in contact with funds across the country. All told, we talk to a lot of fund managers… and hear a lot of the sam...