Tenzin Seldon explains how she convinced LPs like Beneficient, Pivotal Foundation and the Pritzker family to back a first-time climate fund from a solo GP.
LPs committing to Enable Ventures’ $50.3m fund include UnitedHealth Group, Liberty Mutual Investments, Ford Foundation, Ally Bank, Ascension and Weingart Foundation.
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 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 in the firm’s earlier funds include California Public Employees’ Retirement System, Children’s Hospital Corporation Pension Plan, Adams Street Partners and Kaiser Permanente Washington Defined Benefit Plan.
LPs in past funds include San Francisco Employees Retirement System, Denver Employees Retirement Plan, State of Wisconsin Investment Board, University of Hawaii Foundation and UPMC Master Trust.
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 Chicago-based firm closed on $200m for its sophomore fund, with LPs including state retirement funds, funds of funds, endowments and large family offices.
The $23bn public pension is mulling commitments to two funds from Capricorn Investment Group and two funds from JSL Health Capital.
The fund-of-funds manager closed on $50m for its debut fund, with plans to back pre-seed and seed-stage funds primarily in the US and India.