Cendana Capital的动态

Many #emerging managers are struggling to raise their funds in this market, however, the best GPs who've proven themselves, continue to close their funds. According to a recent Pitchbook survey, 13% of GPs interviewed plan to not raise another VC fund, which is up from 6% over 2023. We at 1200vc look forward to investing in more #GPs over these next few vintages as more traditional #LPs continue to pull back their allocations. https://lnkd.in/gE-vFn6R

???? Avid Ventures?has launched its second early-stage fund closing $87 million. This brings the total capital raised by the company to over $165 million. The Avid Fund II will back exceptional founders building transformative software and fintech companies from Seed to Series B stages. ?? The VC firm welcomed new institutional investors, including The Mellon Foundation, Hall Capital Partners LLC, Vintage Investment Partners, UJA-Federation of New York, Soka University of America, and CM Wealth Advisors, among others. Returning Fund I investors include Foundry, General Catalyst, and multi-billion dollar philanthropic family offices. It was also backed by leading investors and executives such as Brian Singerman (Partner, Founders Fund), Rob Hayes (Partner, First Round), and Susan Sobbott (former multi-decade American Express leader). ?? Read more here: https://shorturl.at/PExRv Addie Lerner Daniel Simon Nicky Goulimis #tech #funding #news #VC #technology #investment #innovation

Excited to share my first blog post inspired by my experience and learnings while at?Exceptional Capital. Huge amount of gratitude for Marell E.,?Andrew Van Nest,?Melissa Morano Aurigemma, and?Graham Stoddard for making these last few months so impactful. You opened my eyes to the other side of the table! A couple of questions that are core to my reflections: - How can LPs and emerging early stage venture funds learn from our sometimes overlooked similarities? - Could emerging VCs approach fundraising at different stages of their firm journey similar to founders raising different financing rounds? Would this make transparency from the LP side easier and fundraising less opaque for GPs? - How can E&Fs be more value-additive to emerging GPs? Would emerging VCs find value in that? - How can junior LPs learn from VCs younger in their careers? #LPs #EmergingManagers #VC #EmergingAllocatorAssociation #EmergingAllocators #Venture #Fundraising

That's what I keep saying! There is a generational wealth generation opportunity for LPs across the world to invest in INCREDIBLE venture capitalists across the European continent (and the nearby Isles!) #europe #venturecapital #openlp #limitedpartners #fundraising

Check out the latest The Wall Street Journal piece featuring our CIO, Luke Carroll and other reputable LPs. They share valuable insights into the venture capital landscape, including what LPs are focused on for 2024, as we enter what looks to be another tough fundraising environment. A particular focus will be on portfolio valuations, resetting of fund TVPI and honest communication from GPs to LPs about portfolio health. Read the article here:?https://lnkd.in/g_DtgBsx

#StartupNews ??| Peak XV Partners is set to launch #PeakXV Anchor Fund— a permanent capital vehicle investing in new businesses and strategies, sources tell Shruti Malhotra. Details here ?? | Young Turks

Houston, We have a problem...and it's Zombie VCs. "The comedown has been abrupt. The number of active traditional VCs in US deals went from 18,504 in 2021 to 9,966 last year, according to PitchBook data shared with BI. Many funds launched during the pre- and post-pandemic boom times won’t be able to raise more capital." https://lnkd.in/eaQxqYrn #SpaceCapital #ZombieVCs #SpaceInvesting #VCs

VC world can be cruel and unforgiving. With LPs more and more pushing for distribution and liquidity, fund managers in the mid-tenure of their fund with zero DPI and TVPI around 1.0 would have much more difficulty to raise new fund. The ability to fundraise is one of the crucial indications and validation of the job for VCs. Key highlights from the article below: Thirteen percent of venture General Partners (GPs) no longer plan to raise another fund due to LP pullback. This rate has doubled since H1 2023 when only 6% of GPs had no plans for another fund. Nearly 44% of venture firms surveyed in mid-2023 had previously postponed their fundraising plans due to concerns about overexposure to the asset class. Many emerging managers entered venture capital in 2019 or 2020 when the LP market supported more funds. However, slow exits in the first half of 2024 have led to challenges in raising second funds without significant cash distributions to LPs. Some venture GPs are now actively participating in the secondaries market to demonstrate returns. Despite the challenges, GPs who secured fresh capital remain optimistic. They expect the 2023 and 2024 vintages to be the strongest return years since 2019. ???? #VC #VentureCapital #Fundraising #LPs #EmergingManagers #TechInvestment #MarketTrends #CountdownCapital #IndustryInsights #JetVentures #JetInvestment

A good read from Institutional Investor and data from Revere (Chris Shen)! Big VC Funds Are Underperforming Smaller Ones - "The smaller venture capital funds outperform large ones that have the presumed advantages of scale, brand, and experience, a report shows." - "A smaller fund is roughly 50 percent more likely to return more than 2.5-times TVPI than a large one." - "The performance gap between small and large funds is even wider when considering the cumulative internal rate of return. Larger funds have an average IRR of 9.7 percent, compared to the average 17.4 percent IRR of smaller ones" ?? Please follow 1982 Ventures for more updates! https://lnkd.in/dM7h6cRC

Worth reading . . . If early-stage venture capital is your thing.