Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Tiger Global tops the list US-based venture capital market

Friday, May 22, 2020

Laxman Pai, Opalesque Asia:

Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study.

According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than $16bn in venture capital over the past 10 years.

New Enterprise Associates has risen to second place following the closure of mega fund New Enterprise Associates 17 in March, which brought the firm's total capital raised in the past 10 years to $13bn, the report said.

All of the 10 largest fund managers are headquartered in either New York or California, except one. General Catalyst Partners has joined the league table since our previous study, having raised $2.3bn across three funds in Q1 2020.

A 20-year-old venture capital firm located in Cambridge, Massachusetts, General Catalyst Partners invests opportunistically across a broad range of tech-focused systems. With the COVID-19 pandemic highlighting the importance of technology, the firm is focusing on developing technologies in fields such as remote education and working, it told Forbes, and brought GC Venture VI ($600mn), General Catalyst Endurance Fund ($700mn), and the latest in its flagship series, General Catalyst Group X ($1bn), to a final close in Q1.

Altogether, US-based managers raised more than $26bn in venture capital in the first quarter of the year. Stage-agnostic funds once again represented more t......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1