Friday Letter

Allen Waldrop of Alaska Permanent Fund says the fundraising slowdown has given LPs more time to evaluate managers and find those who will outperform the broader market.

Four VC firms are betting that leveraging each other’s scientific knowledge, deal flow and professional networks can better support founders and help identify customers to help their portfolio companies survive amid capital constraints.

With more than 25% of total capital invested in European tech companies going to the carbon and energy sector, sustainability-focused start-ups have attracted tech workers from other parts of the world.

Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.

For LPs with little or no exposure to growth funds, now may be a good time to try to get in under more favorable terms than those available in recent years.

A total of 86 women-led funds held partial or final closes last year, up from just 36 the previous year.

Primary's secondary sale to StepStone and another reportedly in the works by Lightspeed Venture Partners could mean a big year ahead for VC secondaries.

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

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