VenCap International plc

VenCap International plc

Oxford, United KingdomEst. 198727 employeeswww.vencap.com
$1.90B AUM
private equityfund of funds
Our mission at VenCap is to build a concentrated portfolio of venture funds from those VCs that consistently back the top 1% of companies and deliver strong and consistent performance to our investors. VenCap has committed USD 2.9 billion to this small group of top-tier VC’s in the US, Europe, China and India - our Core Managers. We work closely with the venture firms with whom we invest to provide insight and analytics that help inform their own decisions. We believe that this focus gives us a competitive advantage when it comes to identifying and accessing the best firms in the industry. VenCap was founded in 1987, and as such we are one of the longest-established investment management and advisory firms active in the VC industry today. We believe that venture capital is a long-term business that is based on strong personal relationships. We have been trusted to manage capital by many leading institutions and family offices across the world with whom we have developed strong and lasting relationships based on trust, transparency and authenticity. More information on our website: https://www.vencap.com/

Manager news

Strategies

StrategyFund of Funds
Primary and secondary investments in early stage and venture growth funds raised by top-tier VC firms globally Minimum of 75% of commitments to Core Manager funds
VenCap Secondary StrategyFund of Funds
Over the nearly four decades that VenCap has been investing in venture capital funds, it has identified three key characteristics of the venture capital market that have shaped its secondary investment strategy: • The bulk of the value created by the venture capital industry comes from a small number of companies (the power law distribution of returns). Access to these companies at attractive pricing is what drives secondary returns. • There is a concentrated group of venture capital firms that have consistently backed these companies and have shown a relatively high persistence of performance across multiple funds. Manager quality is an extremely important consideration when evaluating secondary opportunities. • Optical discounts vs. NAV are not a reliable predictor of realised cash-on-cash returns in VC secondaries: - The majority of VC-backed companies fail to return capital and the top 1% of exits account for the majority of the exit value for the entire VC industry. - There is large variation in valuation marks across VC funds for the same company. - Last Round Value is a lagging indicator which can be a risk or an opportunity for a secondary buyer. - Typically, higher quality VC firms have more conservative valuation policies.

Other managers

Wellington Partners
Wellington Partners
Munich, Germany
Wellington Partners is one of the most successful pan-European venture capital firms. With funds totalling over € 800 million, we have invested throughout Europe in companies that have the potential to become real market leaders for more than 15 years. We are committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically lead financing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, our own commitment can go as high as € 15 million. Providing funding is only one part of our business. After funding, the entrepreneurs we back have access to the advice and guidance of our complete team and our entire global network. Our investment professionals operate out of four offices, located in London, Munich, Zurich and Palo Alto. The pan-European and transatlantic makeup of our organisation enables us to support our portfolio in expanding globally. To date, Wellington Partners has invested in more than 100 companies throughout Europe. We have been a part of great successes as well as dismal failures. In our view, success has always been the result of a great idea executed by a great team with strong leadership and commitment; plus an enormous amount of hard work and an ounce of luck, the good fortune to be in the right place at right time.
private equityvc
Vintage Investment Partners
Vintage Investment Partners
Herzliya Pituach, Israel
Vintage Investment Partners is a global venture firm combining fund-of-funds, secondary funds and growth funds. With roughly $4 Billion under management, 15 active funds, across the U.S., Europe, and Israel, Vintage is invested in several of the world's leading venture funds with exposure to approximately 6,000+ technology companies. Vintage uses its unmatched network to connect startups across the world to hundreds of corporations seeking support in their digital journeys, helping drive an ecosystem to maximize its potential and reach new heights. Founder of PowerinDiversity initiative and signatory of the UN’s Principles for Responsible Investment (UN PRI).
private equityvc
Zephyr Management
Zephyr Management
New York, United States
Zephyr Management, L.P. is a global emerging markets investment manager. Founded in 1994, the firm specializes in the creation and management of highly focused and value added private equity investment funds. Each Zephyr fund has a discrete management team which has skills matched to the particular investment opportunity.
private equitygrowthvc
Venture Capital Fund of America
Venture Capital Fund of America
New York, United States
Venture Capital Fund of America (VCFA) is a secondary fund of funds manager based in New York. The firm was founded in 1982, when it became the first firm formed to acquire LP interests in private equity funds. VCFA Group raises funds dedicated to the purchase of interests in venture capital, leveraged buyout and mezzanine funds, as well as portfolios of direct interests in operating companies.
private equitysecondary
MML Capital Partners
MML Capital Partners
London, United Kingdom
MML is an international mid-market private equity investor focused on investing alongside strong management teams and working in partnership with them to deliver their bold expansion plans. Over the last 30 years, we have successfully invested in 150 businesses from our 4 global offices, with €2.7 billion of assets currently under management across our Value-Added Infrastructure, Partnership Capital, and Enterprise strategies. At MML, we create value from original thinking, designing deals which enable management teams to take the next step on their journey. We focus on a small number of investments where the business case is strong and the chemistry with people is right, and as an independent firm, our Partners take personal responsibility for our part in your success. In our experience, open minds mean better deals, so we take a fresh approach to every single investment, designing them to perfectly fit people, their unique businesses and personal aspirations. For our investors, our tailored ethos provides access to a unique set of investment opportunities, delivering strong equity returns whilst protecting investor capital.
private equitydevelopment / minority capital
Palamon Capital Partners
Palamon Capital Partners
London, United Kingdom
Palamon Capital Partners is a private equity partnership. We invest throughout Europe in service-orientated businesses with high growth potential. With €1.3 billion of funds under management, we are backed by some of the biggest investment institutions in the world.
private equitygrowth
Sovereign Capital Partners
Sovereign Capital Partners
London, United Kingdom
Sovereign is a specialist private equity house that partners with high-quality businesses and management teams in the UK and Europe to deliver truly transformational growth. We have deep and historic expertise of investing in four sectors: business and technology services, healthcare and pharma services, financial services and insurance, and education and training. With one of the largest investment and specialist research teams in our market, we have the expertise and resources to help each business deliver the growth strategy that's right for them. Through our proven strategy of Buy & Build, we look beyond today to spot potential and create opportunities, and we go beyond what's expected to establish, build and nurture long-term relationships. By seeing beyond and going beyond, we help great businesses become exceptional. Sovereign Capital Partners LLP is authorised and regulated by the Financial Conduct Authority.
buyoutprivate equity
NGP
NGP
Palo Alto, United States
We back early-stage B2B companies from Series A onwards in Europe, the US, and Israel, within Enterprise Software, Industrial Technology, Cybersecurity, and Edge & Data Infrastructure. Our current portfolio includes ANYbotics, GrayMatter Robotics, Lime, GetYourGuide & SecurityScorecard, while our exits include Deliveroo, Xiaomi, Moovit, Kaltura, and many more.
private equityvc
HG
HG
London, United Kingdom
Over the last 20+ years we have built on our scale, focus and capabilities to become a leading investor in European and transatlantic software and services businesses. We support the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Our support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well. With a vast European network and strong presence across North America, Hg has around 400 employees across London, Munich, New York, Paris and San Francisco, a current portfolio of over 50 businesses, worth over $150 billion aggregate enterprise value, with 115,000+ employees globally, growing consistently at +14% per year.
buyoutprivate equity