Firm profiles compiled by Lawrence Aragon, Daniel Humphrey Rodriguez, Stephen Schultz, Larraine Valentino and Dayo Wan. Source for all entries: PEI research, unless otherwise indicated.

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1- Insight Partners

Five year fundraising total: $19,300m

HQ: New York
Year founded: 1995

Select LPs: Investors in Fund XI (vintage 2019) include Alaska Permanent Fund, California Public Employees’ Retirement System, Cathay Life Insurance, China Life Insurance Company, Fresno County Employees’ Retirement Association, HarbourVest Partners, Los Angeles Fire & Police Pension System, Louisiana State Employees’ Retirement System, Massachusetts Pension Reserves Investment Management Board, New York State Common Retirement Fund, Pennsylvania Public School Employees’ Retirement System, Pennsylvania State Employees’ Retirement System, San Francisco Employees’ Retirement System, Stanislaus County Employees Retirement Association, State of Michigan Retirement Systems, Teacher Retirement System of Texas, Teachers’ Retirement System of Louisiana, Texas Municipal Retirement System, Virginia Retirement System and Washington State Investment Board.

Select fund performance:

• 22.7% net IRR: Insight Venture Partners V, vintage 2005
• 19.3% net IRR: Insight Venture Partners VI, vintage 2007
• 18.4% net IRR: Insight Venture Partners VII, vintage 2011

Source for Fund V and VI: CalPERS; data as of March 31, 2020. Source for Fund VII: UC Regents; data as of June 30, 2019

2 – New Enterprise Associates

Five year fundraising total: $10,179m

HQ: Chevy Chase
Year founded: 1977

Select LPs: Investors in New Enterprise Associates 17 (vintage 2019) include Alaska Permanent Fund, California State Teachers’ Retirement System, Cathay Life Insurance, Fubon Life Insurance, Kansas Public Employees Retirement System, Los Angeles City Employees’ Retirement System, Los Angeles Fire & Police Pension System, Nebraska Investment Council, Public School and Education Employee Retirement Systems of Missouri, Sacramento County Employees’ Retirement System, Teacher Retirement System of Texas, Teachers’ Retirement System of Louisiana, Tennessee Consolidated Retirement System and Texas County and District Retirement System.

Select fund performance:
• 13.9% net IRR: NEA 13, vintage 2009
• 22.8% net IRR: NEA 15, vintage 2015
• 12.4% net IRR: NEA 16, vintage 2017

Source: LACERS; data as of June 30, 2019

3 – Tiger Global Management

Five year fundraising total: $10,000m

HQ: New York
Year founded: 2001

Select LPs: Investors in New Enterprise Associates 17 (vintage 2019) include Alaska Permanent Fund, California State Teachers’ Retirement System, Cathay Life Insurance, Fubon Life Insurance, Kansas Public Employees Retirement System, Los Angeles City Employees’ Retirement System, Los Angeles Fire & Police Pension System, Nebraska Investment Council, Public School and Education Employee Retirement Systems of Missouri, Sacramento County Employees’ Retirement System, Teacher Retirement System of Texas, Teachers’ Retirement System of Louisiana, Tennessee Consolidated Retirement System and Texas County and District Retirement System.

Select fund performance:
• 44% IRR: Tiger Global Private Investment Partners V, vintage 2008
• 7% IRR: Tiger Global Private Investment Partners VI, vintage 2010
• 15% IRR: Tiger Global Private Investment Partners VII, vintage 2012

Source: Anonymous investor; data as of March 31, 2020

4 – Sequoia Capital

Five year fundraising total: $8,718m

HQ: Menlo Park
Year founded: 1972

Select LPs: Sequoia Capital US Venture Fund XV (vintage 2014) include the Andrew W Mellon Foundation, Brackett Family Foundation, Crankstart Foundation, John D and Catherine T MacArthur Foundation, J Paul Getty Trust, MJ Murdock Charitable Trust, Robert Wood Johnson Foundation, Rockefeller Foundation and The Sherman Fairchild Foundation, according to PitchBook. Sequoia Capital Global Growth Fund III (vintage 2018) investors include Alaska Permanent Fund, Canada Pension Plan Investment Board, Regents of the University of California and Washington State Investment Board, PitchBook reports.

Select fund performance:
• 40% IRR: Sequoia Capital XI, vintage 2003
• 26% IRR: Sequoia Capital XII, vintage 2006
• 59% IRR: Sequoia Capital 2010, vintage 2010

Source: Anonymous investor; data as of March 31, 2020

5 – Lightspeed Venture Partners

Five-year fundraising total: $7,167m

HQ: Menlo Park
Year founded: 2000

Select LPs: Investors in Fund XI (vintage 2016) include Alaska Permanent Fund, Alaska Retirement Management Board, Carnegie Mellon University, Grantham Foundation, Illinois Municipal Retirement Fund, Kansas University Endowment Association, Penn Mutual Life Insurance Company, Teachers’ Retirement System of the State of Illinois, Tennessee Consolidated Retirement System, Texas County and District Retirement System and William Penn Foundation.

Select fund performance:
• 8.3% net IRR: Lightspeed Venture Partners VII, vintage 2006
• 32.1% net IRR: Lightspeed Venture Partners VIII, vintage 2008

Source: UC Regents; data as of June 30, 2019

6 – Andreessen Horowitz

Five-year fundraising total: $6,920m

HQ: Menlo Park
Year founded: 2009

Select LPs: Investors in Fund III (vintage 2011) include Andrew W Mellon Foundation, Boy Scouts of America, David & Lucile Packard Foundation, HarbourVest Partners, J. Paul Getty Trust, John S and James L Knight Foundation, Memorial Sloan-Kettering Cancer Center, Pantheon, Leona M and Harry B Helmsley Charitable Trust, Rockefeller Foundation, University of Michigan, University of Oklahoma Foundation and Wesleyan University.

7 – Accel

Five-year fundraising total: $5,794m

HQ: Palo Alto
Year founded: 1983

Select LPs: Investors in Fund XII (vintage 2014) include Adams Street Partners, Carnegie Corporation of New York, Delaware Public Employees’ Retirement System, John S and James L Knight Foundation, Leona M and Harry B Helmsley Charitable Trust, MetLife, Robert Wood Johnson Foundation, Rockefeller Foundation, Sherman Fairchild Foundation, State of Michigan Retirement Systems and University of Michigan.

Select fund performance:
• 56% IRR: Accel IX, vintage 2004
• 26% IRR: Accel X, vintage 2007
• 28% IRR: Accel Growth Fund, vintage 2008

Source: Anonymous investor; data as of March 31, 2020

8 – Index Ventures

Five-year fundraising total: $5,015m

HQ: Geneva
Year founded: 1996

Select LPs: Investors in Index Ventures X (vintage 2020) include Massachusetts Pension Reserves Investment Management Board, while Index Ventures IX (vintage 2018) investors include Alaska Permanent Fund, AlpInvest Partners and Massachusetts PRIMB, according to Private Equity International. Investors in Fund VIII (vintage 2016) include Alaska Permanent, ATP Private Equity Partners, John D and Catherine T MacArthur Foundation, Massachusetts PRIMB and The Heinz Endowments.

Select fund performance:
• 16.3% net IRR: Index Ventures III, vintage 2005

Source: CalPERS; data as of December 31, 2019

9 – Norwest Venture Partners

Five-year fundraising total: $4,700m

HQ: Palo Alto
Year founded: 1961

Select LPs: Wells Fargo & Company Pension Plan is an investor in Funds XIII (vintage 2016), XIV (vintage 2018) and XV (vintage 2019).

10 – General Catalyst Partners

Five-year fundraising total: $4,700m

HQ: Cambridge
Year founded: 2000

Select LPs: Investors in Fund X (vintage 2020) include Los Angeles City Employees’ Retirement System, Maine Public Employees Retirement System, State Teachers Retirement System of Ohio and Tennessee Consolidated Retirement System, according to Private Equity International. Fund IX (vintage 2018) investors include Ohio STRS, Tennessee Consolidated and University of Michigan, while Fund VII (vintage 2013) investors include New York State Teachers’ Retirement System, Ohio STRS, Sherman Fairchild Foundation, Surdna Foundation, Tennessee Consolidated and William & Mary Foundation.

Select fund performance:
• 11% IRR: General Catalyst Partners IV, vintage 2005
• 12% IRR: General Catalyst Partners V, vintage 2007
• 30% IRR: General Catalyst Partners VI, vintage 2011

Source: Anonymous investor; data as of March 31, 2020