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Laxman Pai, Opalesque Asia: The West Coast-based managers continue to dominate the US venture capital scene, with only two of the 10 largest US-based managers located outside of California, says a report by Preqin.
According to the report, although New York-based Tiger Global Management remains top of the league table, it has no funds in the market at the moment, while firms like Sequoia Capital and New Enterprise Associates are raising billion-dollar funds.
Most venture capital GPs, especially the largest, take a global approach to investment. GGV Capital, which broke into the 10 largest managers during Q3, has a series of funds dedicated to China-based investments to gain exposure to the market.
Runner-ups in the top 10 Sequoia Capital, Lightspeed Venture Partners, and Accel also employ this strategy.
Barring Technology Crossover Ventures, which focuses on later-stage investments, the 10 largest fund managers make venture capital investments across the life span of a company.
As with its international investments, Sequoia Capital has separate fund series focusing on certain stages, including seed and growth stages. Other firms, such as New Enterprise Associates, make early- to late-stage investments though their general venture capital flagship fund series - New Enterprise Associates is currently raising for New Enterprise Associates 17.
In contrast to the largest firms overall, the largest USbased women-owned firms are more geographically diverse a...................... To view our full article Click here
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