North America

New Mexico State Investment Council is one of the limited partners in Crossover Fund 9, the latest of the firm's funds designed to support companies from early-stage private fundings to public equity offerings.

Healthcare services deals come with unique regulatory challenges that can materially influence valuation, deal structure and exit prospects, write Davis Mello and Marc Rigsby, attorneys with Bass, Berry & Sims.

The vehicle could allow the firm to double down on its early-stage AI bets such as 'vibe coding' start-up Lovable.

LPs aren't happy with VC performance, but they aren’t cutting back on their commitment pace. Yet.

Funding to AI-related start-ups spiked 75% to $203bn from 2024, with foundation model companies representing 40% of that globally and US companies dominating.

Backed by a single multi-billion-dollar family office since inception, the Austin, Texas-based VC's structure affords more flexibility to extend the timeframe of funds and focus on its portfolio companies without fundraising distractions.

The growth-stage secondaries specialist, which is premarketing a $300m Fund III, draws on its founder's 20 years of experience to provide liquidity to GPs thirsty for DPI.

The firm's previous effort closed on $5.75bn in July 2024 with support from big pension funds such as New York State Common Retirement Fund, State Teachers Retirement System of Ohio and San Diego City Employees' Retirement System.

The Menlo Park-based firm raised capital across six vehicles, underscoring its customized fund architecture and deep AI investment track record.

Our LP Perspectives 2026 Study shows most LPs have no plans to cut back on commitments to venture, even though half say their VC holdings are underperforming benchmarks.