← Asset class coverage / Venture Capital

Venture Capital

Venture capital finances early and growth-stage companies in exchange for equity. The asset class is concentrated in technology, healthcare, and consumer sectors.

Strategies, focus areas, funds and trends across our venture capital coverage.

18
Firms
Allocated AUM
6
Funds
16
Strategies
Peak fundraising year
2024 — 2 funds closed
Most concentrated region
Europe — 33% of firms
Top sector
Dual-Use Technology — 3 of 18 firms
18FIRMS
Strategy mix

Strategies & sub-strategies

Insight

Growth leads — 56% of firms run it — nearly 10× Secondaries, the smallest strategy.

Fund vintage trend

New funds launched per vintage year, based on tracked closings

2021: 1120212024: 2220242025: 222025PEAK

Industry focus

Bubble size = number of firms active in sector

Dual-Use Technology: 33Dual-Use TechnologyHealthcare Services: 33Healthcare ServicesLife Sciences Tools: 33Life Sciences ToolsConsumer Brands: 33Consumer BrandsArtificial Intelligence: 22ArtificialIntelligenceEnterprise Software: 22Enterprise Software

By region

Firm count by geography

Europe: 6Europe: 66EuropeNorth America: 5North America: 55North Ameri…Asia: 5Asia: 55AsiaUnited Kingdom: 2United Kingdom: 22United King…United States: 2United States: 22United Stat…

Verticals

Funds

NEWDSG Consumer Partners TrustSeed / Early Stage Consumer · investingAdams Street Partners European Venture Fund IIPrimary Venture Fund Investments · fundraising2025European Venture Fund IPrimary Venture Fund Investments · closed2025 · $304.23MNextT47 Fund 2024Venture Capital · fundraising2024Venture Innovation Fund IVFund of Funds, Growth & Secondaries · closed2024 · $1.2BNextT47 Fund 2021Venture Capital · fundraising2021