Lawrence Aragon

Primary delivers nice payday to LPs via secondary sale to StepStone

To generate liquidity for limited partners in its first fund, Primary Venture Partners has completed a $95 million secondary strip sale to StepStone Group, Venture Capital Journal has learned.

DOWNLOAD: Global venture fundraising report for 2023

Global venture capital fundraising experienced a significant decline in 2023, but it was the fifth consecutive year when the total exceeded $100bn.

Cut through AI hype by following the money

Make sure AI dealmakers are getting a meaningful piece of a fund’s carried interest.

Chatbots are cool, but AI infrastructure is where the big money is: Sekhar

Menlo Ventures' newest partner, Rama Sekhar, says 'it’s still too darn hard for companies to deploy AI.'

Act One Ventures collects $73m for third fund

This fundraising brings the venture firm's total assets under management to $148 million.

Beleaguered fundraisers are hoping to bounce back

Distributions are key to an improved fundraising market. 'DPI tells the story,' says QED co-founder and chief investment officer Frank Rotman.

General Catalyst's HATCo to acquire Summa Health

HATCo and Summa Health anticipate finalizing a definitive agreement in the next several months.

FoF manager Vintage tops target for fourth growth fund

Vintage Investment Partners, which is an investor in funds from Accel, a16z and General Catalyst, closed its fourth growth-stage fund at $200m, bringing its AUM to $4bn.

Wrestling with the big question

Many of the 18 venture capitalists we spoke with expect M&A exits to become more viable this year, but most don’t see the IPO market rebounding meaningfully until late this year or more likely in 2025.

NEA recruits Luck as partner for tech team

Luck was previously a partner at GGV Capital where she focused on investing in enterprise software.