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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......................

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