← 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 · investing →Adams Street Partners European Venture Fund IIPrimary Venture Fund Investments · fundraising2025 →European Venture Fund IPrimary Venture Fund Investments · closed2025 · $304.23M →NextT47 Fund 2024Venture Capital · fundraising2024 →Venture Innovation Fund IVFund of Funds, Growth & Secondaries · closed2024 · $1.2B →NextT47 Fund 2021Venture Capital · fundraising2021 →