US

Continuation vehicles allow VCs to hang on to a prized asset and deliver liquidity to their investors

About 20% of Carrick Capital Partners' Fund II LPs opted to roll their equity into the $600m continuation vehicle, says co-CEO Jim Madden.

LPs in the Fort Worth-based VC firm’s previous funds include the Massachusetts Institute of Technology Basic Retirement Plan, Crown Cork & Seal Company Retirement Plan and The Miles Foundation.

The slowdown in fundraising has allowed family offices to 'form new and deeper relationships with GPs,' says Peter Suberlak of Tolleson Wealth Management.

The managing partner of Prysm Capital talks about his childhood in Seoul and why parenting has made him a better investor.

The burgeoning space that mixes biology, engineering, computer science and AI has already delivered some big exits.

As use cases for digital payment systems expand, more payment rails providers that can secure licenses across multiple critical markets will be needed. VCs are keen to back them.

Fund II, which closed on $35m, attracted commitments from Reinsurance Group of America, MassMutual, Bank of America and the Stellar Development Foundation.

LPs committing to the new ocean-focused fund include Finnish family owned investment company Aboa Advest, US multifamily office Adamo Capital and Swiss investment holding company ARGOng Investment AG.

A growing number of VC-backed companies are selling to private equity, even though PE firms generally don’t pay as much as strategic buyers.