Tue, Jun 2, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

US-based venture capital funds focus more on the domestic market in H1 2019

Thursday, August 15, 2019

Laxman Pai, Opalesque Asia:

189 US-based venture capital funds have closed during H1 2019, collectively securing $24bn, which is just over half of the aggregate capital brought in last year (435 funds raised $47bn), said a report by Preqin.

"Fundraising figures thus far in 2019 forecast an equally, if not more, successful year than 2018 for US-based venture capital funds," said the report titled Preqin and First Republic Update: US Venture Capital.

Most (95%) venture capital funds closed in the US so far in 2019 focus on domestic investments. Reinforcing this, the few funds focused on Rest of World investments are all micro venture capital funds (under $100m in size).

Following the closure of Technology Crossover Ventures X in Q1, two more experienced US-based managers closed mega-funds in Q2 2019.

Andreessen Horowitz closed both LSV Fund I ($2bn) and Andreessen Horowitz Fund VI ($750mn); LSV represents the firm's first fund focused solely on expansion-stage investments, while the flagship fund concentrates on early-stage opportunities.

Lightspeed Venture Partners brought Lightspeed Venture Partners Select III to over $1.3bn and Lightspeed Venture Partners XII to $752m.

At the other end of the spectrum, Future Ventures closed the largest fund raised by an emerging manager at $200m, which is sizeable for a newly established firm. The impressive debut is likely due to co-founder Steve Jurvetson and his celebrated track record at DFJ.

US-......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.

  2. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  3. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M

  4. PE/VC: Private equity in the Covid-19 crisis, Carlyle's Africa dealmakers leave to start their own buyout firm, UK asset managers plan shift to off-market strategies including private equity[more]

    Private equity in the Covid-19 crisis From Morning Star: Private equity investment trusts invest in unquoted companies not yet listed on the stock market. How have they fared in the sell-off? Investment trusts have been caught up in the market turmoil of recent months and private equit

  5. New Launches: Apeira Capital seeks $200m for hedge fund-like bets, PIMCO filing reveals ESG fund launch could be ahead, BEA Systems co-founder launches venture fund, Salesforce Ventures launches $125m Europe Trailblazer Fund, The D. E. Shaw group closes first onshore China investment fund, Legg Mason and ClearBridge launch non-transparent ETF, Hong Kong-based asset manager MaiCapital launches actively managed bitcoin hedge fund[more]

    Apeira Capital seeks $200m for hedge fund-like bets From Bloomberg: Natalie Hwang, the former head of Simon Property Group Inc.'s venture capital arm, has launched a new firm and is seeking $200 million for a debut fund. Hwang has been discussing the vehicle with prospective investors, ac