The aggregation of private capital for the purpose of investing
in startups and emerging and high growth companies continues to be
one of the drivers of the global economy. Often, this type of
investing is done by "VC funds." But what does one mean
when one says "VC fund"? They come in many shapes and
sizes.
In addition to the "traditional" closed-ended 10-year
VC fund, there are micro funds, growth funds, opportunity funds,
continuity funds, highly specialized sector-specific funds,
evergreen funds, funds linked to a venture studio or accelerator,
deal-specific SPVs, dedicated co-investment vehicles, etc.
Additionally, a wide range of investors are investing in the space
as limited partners (LPs): banks, funds of funds, pension funds,
corporate strategic investors, high-net-worth individuals, family
offices, etc.