Lawrence Aragon
SingleSpoke plans to apply AI to traditional mom-and-pop businesses, starting tech-forward platform companies and using M&A to add on legacy players.
The firm’s Fund I, which led the smart ring maker’s seed round, holds 19m shares worth $800m at the midpoint of the IPO range
The London-based venture firm, which backs future-of-learning and future-of-work start-ups, is 'seeing more receptivity' from American LPs, says Brighteye co-founder.
LPs are writing big checks for AI-focused funds managed by the industry’s largest players while turning away smaller players or funds that aren’t all-in with AI.
Among the LPs that have signed on to the new vehicles are New Mexico State Investment Council and San Mateo County Employees' Retirement Association.
The $23bn public pension is mulling commitments to two funds from Capricorn Investment Group and two funds from JSL Health Capital.
Continuation vehicles allow VCs to hang on to a prized asset and deliver liquidity to their investors
About 20% of Carrick Capital Partners' Fund II LPs opted to roll their equity into the $600m continuation vehicle, says co-CEO Jim Madden.
LPs committing to the new ocean-focused fund include Finnish family owned investment company Aboa Advest, US multifamily office Adamo Capital and Swiss investment holding company ARGOng Investment AG.
A growing number of VC-backed companies are selling to private equity, even though PE firms generally don’t pay as much as strategic buyers.