Ryan Hibbison
The late-stage software investor managed to produce three exits in four weeks to end Q1 2024 even as exits via traditional routes drop quarter-on-quarter.
The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.
Just how tough is it to raise a sophomore fund? OpenLP boldly predicts 'we could see up to 347 first-time managers exit the market' if success rates drop 5-15% from historical averages.
LPs in Fund II, which is targeting €200m, include returning LPs Fonds National d’Amorçage 2 and former Berkshire Partners managing director Bradley Bloom.
Dart’s debut fund recently held a first close on just over $2m with support from former Goldman Sachs president Gary Cohn, Wingspan Capital co-Cio Andrew Eberhart and Fifth Third Bank chief economist Jeff Korzenik.
They make up just a small portion of the venture industry, but women who have managed to break into the business are thriving, judging by Venture Capital Journal's most popular stories this week.
The San Francisco-based firm has closed on $90m for Superset Capital II, which had a target of $100m.
Monarch Collective co-founder Jasmine Robinson says that growing viewership trends, NIL and interest from institutional investors led to the firm’s close on $100m for its debut fund.
LPs include “senior executives at BlackRock, Cooley, Google, senior healthcare and finance executives and prominent family office groups in the California area,” the firm says.
New Mexico State Investment Council CIO Robert 'Vince' Smith says the sovereign wealth fund is gaining access to top-tier venture funds in part because other LPs are overallocated.