News

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

ArcTern closed on $335m for its third climate-focused fund, including a $25m commitment from Canadian Pension Plan Investments.

Firm founder Jason Howard says New Catalyst Strategic Partners plans to initially do seven to 10 deals, with investments between $60 million and $75 million or more.

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

An extended timeline to liquidity means LPs will be more careful about which GPs they continue to allocate to in 2024.

The Palo Alto-based firm lives up to its name as it raises third fund from LP base including institutions from around the world.

PE firms lead in AI/ML adoption, with 33% reporting that they have already adopted the tech, while just 19% of venture capital firms say the same, according to a new survey by tech provider Allvue.

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.

VCs have low expectations for IPOs, but see a rebound in M&A, citing optimism about lower interest rates and interest from private equity investors and better-capitalized public companies eager to get teams and technologies at a discount.

The move comes just two months after Menlo announced that it had raised $1.35bn to invest in tech companies “leading the AI transformation.”