Strategy Intelligence

Venture Capital Fund Intelligence

Venture capital is the highest-dispersion alternative asset class, where top-decile managers can deliver 5x+ returns while median funds barely return capital. Global VC fundraising exceeded $150 billion annually at peak, though the 2023-2024 correction has reset valuations and slowed deployment. AI, climate tech, and defense technology are the dominant themes driving new fund formation. The VC ecosystem is uniquely relationship-driven, making manager selection and access the primary determinants of portfolio returns. GP stakes in venture capital firms are less common but increasingly attractive as franchise managers like Andreessen Horowitz, Sequoia, and Lightspeed build multi-product platforms. Our database tracks over 400 VC managers with fund-level performance data, enabling benchmarking across vintage years and geographies.

GPs Tracked
543
Total AUM
$1509244.4T
Funds with Data
68
Avg Net IRR
10.4%

Top Venture Capital GPs by AUM

#GP NameHQFoundedAUMStakeability
1AMERICAN CENTURY INVESTMENT MANAGEMENT INCUnited StatesN/A$268468.9T62%
2Vista Equity PartnersUS2000$100000.0T34%
3General AtlanticUS1980$84000.0T34%
4Andreessen HorowitzUS2009$74739.8T68%
5Coatue ManagementUS1999$69416.4T68%
6Sequoia CapitalUS1972$60451.2T68%
7Tiger Global ManagementUS2001$60000.0T62%
8SEQUOIA CAPITAL OPERATIONS, LLCUnited StatesN/A$56310.7T62%
9General CatalystUS2000$33557.9T62%
10AccelUS1983$31056.5T72%

Top Performing Venture Capital Funds

Fund NameManagerVintageNet IRRNet Multiple
Menlo Ventures VII, L.P.Menlo1997135.6%4.70x
Austin Ventures IV, L.P.Austin199473.2%8.40x
Oak Investment Partners VIII, L.P.Oak199855.3%1.80x
InterWest Partners VI, L.P.InterWest199748.8%3.00x
Menlo Ventures IV, L.P.Menlo198842.1%5.10x
Morgan Stanley Venture Partners III, LPMorgan Stanley Venture199740.9%2.30x
Menlo Ventures VI, L.P.Menlo199340.8%3.10x
Menlo Evergreen V, L.P.Menlo Evergreen198832.1%3.60x
Austin Ventures V, LPAustin199731.9%2.00x
Menlo Ventures XI, L.P.Menlo201129.3%4.20x
U.S. Venture Partners V, L.P.U.S. Venture199626.2%2.30x
TA/Advent VIII, L.P.TA/Advent199723.3%2.30x
Sprout Capital VII, L.P.Sprout199521.5%2.70x
Menlo Ventures XIV, L.P.Menlo201721.4%2.40x
Menlo Inflection I, L.P.Menlo Inflection201617.3%2.80x

Geographic Distribution

United States
426 GPs
Unknown
61 GPs
US
28 GPs
Saudi Arabia
22 GPs
United Kingdom
2 GPs
Singapore
1 GPs
Japan
1 GPs
Brazil
1 GPs
Australia
1 GPs

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