Growth Investing

With more VC-backed start-ups choosing to stay private longer, liquidity to fuel recruitment and retention is in short supply. A new partnership between NewView Capital and Carta aims to make company-sponsored tenders easier to execute.

'This is the best time ever for investing – and yet it’s hard to get capital,' says Ryan Hinkle, managing director of Insight Partners.

Private capital has started flowing towards climate finance, but is unevenly spread across strategies and sectors, leaving a growth equity 'missing middle,' says a new CREO report.

Late-stage investors want to secure their seats at high growth companies earlier, according to Elisabeth Lind of Cambridge Associates.

The number of examples of early-stage firms raising or talking about creating separate opportunity funds is increasing, which we explore in our latest analysis story.

Rising valuations and other factors have boosted the alternative strategy in recent years as more venture firms consider adding them to their repertoire. So far, LPs are responding positively.

Europe’s VC industry had a breakout Q1, on pace for another record-shattering year. Meanwhile, US firms Icon, Sapphire and Sequoia are expanding their operations.

Late-stage deals in Q1 accounted for 75.2% of deal volume, fueling exits and driving up deal values, according to the Q1 VC PitchBook-NVCA report.

The market continues to evolve, writes Mark Donnelly, managing director at Runway Growth Capital, who says he is seeing larger debt facilities, lower cost of capital, lighter covenants and less amortization.

Late-stage investment in the UK soared in 2020, due largely to financing from US firms. British investors are catching up. Will this strategy become a mainstay for VC?