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
443
Total AUM
$1293242.4T
Funds with Data
68
Avg Net IRR
10.4%

Top Venture Capital GPs by AUM

#GP NameHQFoundedAUMStakeability
1Vista Equity PartnersUS2000$100000.0T34%
2Sequoia CapitalUS1972$85000.0TN/A
3General AtlanticUS1980$84000.0T34%
4Warburg PincusUS1966$82000.0T59%
5Insight PartnersUS1995$80000.0T34%
6Tiger Global ManagementUS2001$60000.0TN/A
7SEQUOIA CAPITAL OPERATIONS, LLCUnited StatesN/A$56310.7TN/A
8AccelUS1983$50000.0TN/A
9Coatue ManagementUS1999$48000.0TN/A
10Andreessen HorowitzUS2009$42000.0TN/A

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
411 GPs
US
29 GPs
United Kingdom
1 GPs
Brazil
1 GPs
Australia
1 GPs

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