US

The tech specialist, which has invested more than $4bn in AI companies since 2014, expects the acceleration of generative AI to shift the balance of power from start-ups and big tech to end-customers.

Menlo is currently fundraising for its 16th flagship fund, which is targeting $500m and has secured commitments from the New Mexico State Investment Council and University of Alabama System.

SWaN & Legend, T. Rowe Price and Revolution Growth collectively own about 33.8m shares valued at nearly $1.5bn based on the closing price of $43.30.

'We brought in a lot of strategic people high up in their industries, and there’s actually quite a few VCs invested in our fund as well,' Peakview founder Erik Lasilla tells Venture Capital Journal.

Concerns over the manager's performance and its failed investment in FTX have made for a rockier road drawing in LP commitments.

The market for sub-$100m LP stakes is underserved by intermediaries, says Tap chief executive Jeff Leathers

The Antler Elevate fund will provide scale-up capital from Series A onwards to early-stage companies that show compounding growth.

Pear is made up of 'some of the hardest working VCs I’ve ever met,' says Joanna Rupp, who manages the $2.8bn PE portfolio for the University of Chicago's endowment.