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Speculation about mega-sized AI IPOs has growing numbers of VC-backed companies also queueing up to go public, while increasing demand for scale and strategic growth is expected to be a key factor in M&A activity.

Analysis by the Colibrí Institute of nearly 2,500 VC funds raised between 2000 and 2024 found that emerging managers outperformed established managers in DPI, IRR and TVPI.

'What is happening in the public markets lets us know the competitive landscape in the private market,' says Umesh Padval, who leads Seligman's new venture business.

Pricing on VC secondaries is less attractive now, says Schroders Capital venture chief Steven Yang. He is also warier on certain segments of AI tech.

Foundations, family offices, development finance institutions and strategic corporations have pushed the Brazil-based VC to a second close.

Known LPs in the firm's previous funds include Princeton University's endowment and South Korean investment company SK Networks.

The firm’s limited partners come from a network almost 1,000 industrial owner-operators in the Midwest, including construction company Shiel Sexton.

The investor is seeking additionality with its 10% impact allocation, and wants to 'further grow new or undersupplied capital markets'.

Zack Ellison of Applied Real Intelligence examines how the features that make venture debt a powerful growth catalyst can also pose serious risk to borrowers when it is misunderstood, mismanaged or misaligned with the underlying business.

The firm has staked 100% of its carried interest entitlement to the achievement of its portfolio companies' impact objectives.