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Investor Appetite for Venture Capital Funds – June 2013

by Raisah Yusuf

  • 04 Jun 2013
  • PE

Preqin’s Investor Intelligence currently tracks over 5,000 active investors in private equity funds, with more than half (60%) having either expressed an appetite for, or previously invested in, venture capital funds. Of those investors with an appetite for venture capital funds, 16% are actively looking to commit to new venture capital funds within the next 12 months.

Foundations make up the highest proportion of investors having shown a preference for investing in venture capital funds (13%), followed by endowments and private sector pension funds, which each represent 12% and public pension funds which make up 10% of investors interested in venture capital funds. In terms of location, investors based in North America account for 56% of LPs showing an appetite for venture capital funds, by far the majority. LPs based in Western Europe represent 21% of LPs, and the Far East, 5%.

A number of investors have made commitments to venture capital vehicles in 2013, including Illinois Municipal Retirement Fund, which committed $15mn to Versant Ventures V, a US-focused early stage venture capital vehicle. Also, University of Michigan Endowment committed $12mn to Battery Ventures X, a US-focused venture capital fund. South Korea-based SK Group made a commitment to Westly Group II, a US-based venture capital vehicle investing in China and the US.

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