Managers

Senior executives and domain experts enable portfolio companies to grow more quickly and gain a competitive edge over peers developing AI-native platforms.

With the Tokyo-based financial group as an anchor investor, Across plans to invest in more than 20 micro VCs focused on AI, fintech and blockchain, climate and health tech.

New LPs include Dutch, Norwegian and Danish impact investment firms, venture investors and individual venture capitalists.

Seeing the impact of AI on the VC industry, Cheng was re-evaluating how to be most useful to founders as an investor and liked Costanoa’s level of dedication to a smaller portfolio of start-ups.

New limited partners in the sophomore fund include The Health Foundation, Esmée Fairbairn Foundation and Vivensa Foundation, as well as some family offices.

AI-driven tech disruptions have raised questions over the sustainability of the recent pricing recovery in venture secondaries.

VC firms worldwide collected $21bn in the first quarter, the same amount they raised in Q1 2025, in a prelude to what may turn out to be another poor year for fundraising.

As due diligence intensifies, minor discrepancies or the wrong response during a background check can derail commitments and delay fundraises.

The firm’s seventh fund may invest across a wide range of secondaries strategies.

The larger fund size will enable the deep tech, defense and space investor to lead rounds and write bigger initial checks for portfolio companies.