Happy Platinum Jubilee time!

It has indeed been a long while since we last sent our monthly newsletter. Thanks very much for your patience! It was for a great cause: prepping the launch of our new platform capabilities: enabling not just qualified LPs to invest in highly recommended VCs and high impact funds but also the former to make their LP management capabilities "NextGen-compliant"!

Right when everyone is talking about a VC crisis!

As discussed in this article published last week, we believe that this represents a great opportunity to move into the VC space. Beyond the lower valuation rhetorics, there will always be great entrepreneurs to support. These tend to spring in times of many economic challenges. So do we want to stand scared on the side of progress or take part to that progress. VC is about building the future!

Meanwhile, we would also like to share this article about the persistency of VC returns. Indeed VC is not an asset class like any. It is more than that thus explaining why past rankings tend to be a good predictor of future rankings?

Has Persistence Persisted in Private Equity? Evidence from Buyout and Venture Capital Funds

A paper published in November 2020 by Robert S. Harris, Tim Jenkinson, Steven N. Kaplan, and Ruediger Stucke from Becker Friedman Institute for Economics at U Chicago. It also demonstrates that VC tends to outperform buy-out funds throughout different cycles.

Something with extensively discussed with @George Arnold from Knightsbridge Ventures during this webinar we successfully organised earlier this month!

To be contrasted with this thought-provoking article about VC portfolio construction from an institutionally-sized US foundations with over 30 years experience in investing in VCs!

We Have Met the Enemy… and He Is Us | Lessons from Twenty Years of the Kauffman Foundation’s Investments in Venture Capital Funds and The Triumph of Hope over Experience

Finally, without further a do, as Britain is about to enjoy a rare long week-end by continental standard to celebrate the Queen's Platinum jubilee: To my fellow residents in Britain and British friends: have a great Jubilee week-end!

God Save the Queen (and us all thanks to VC)!