Small funds, big backers: Smaller VC firms in notable LP portfolios

This week, we used OWL’s manager search and allocator database to surface smaller (<$2B) venture capital managers appearing in well-known endowment, foundation, and pension portfolios. OWL profiles more than 14,000 managers across all asset classes, enabling users to find and monitor managers across their portfolios. A search for venture capital managers currently returns 2,545 results, and we’re adding more every month. From these, we identified a select group of 15 managers backed by prominent LPs and shared them with our users on Friday. A few of those are included below - reach out if you want to learn more about using OWL to find new managers!

Artiman Management

Early stage

• AUM: $588 million

• Location: Palo Alto

• Disclosed LPs: UTIMCO, Grantham Foundation, Knight Foundation, Michigan State

Nexus Ventures Partners

Seed and early stage in US and India

• AUM: $1.8 billion

• Location: Menlo Park

• Disclosed LPs: UPenn, Carnegie, Mass General Brigham

Pitango

Multi-stage tech and healthcare

• AUM: $888 million

• Location: Israel

• Disclosed LPs: Helmsley Charitable Trust, Klarman Foundation

TF Venture Capital Management

China life sciences

• AUM: $545 million

• Location: Shanghai

• Disclosed LPs: McKinsey Retirement Trust

Underscore.VC

Pre-Seed and Seed B2B software

• AUM: $444 million

• Location: Boston

• Disclosed LPs: Boston Children’s, Richard & Susan Smith Foundation

   

Other News & Events

• Carl Icahn, Nearing 90, Is Still Trying to Right His Empire (includes OWL data)

• Sequoia Capital Leader Exits in VC Shake-Up

• Sohn San Francisco Idea Summary

• Millennium targets $5bn for new private markets fund

• Layoffs at Cambridge Associates Could Spell Opportunity for Family Offices

• Point72 Splits Its Stockpicking Arm in Two With a New Brand, Valist

• U of Iowa Reports 8.5% FY Return

• U of Rochester Reports 12% FY Return

• Williams Reports 11.7% FY Return 

• UGA Reports 11.5% FY Return

• Virginia Commonwealth University Reports 14.9% FY Return

• Brandeis Reports 12.2% FY Return

• U of Tennessee Reports 10% FY Return

About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

Disclaimers

This newsletter and the material on the Old Well Labs platform are for informational purposes only and should not be considered investment advice or a recommendation of any particular security, manager, or strategy. Old Well Labs shall not be liable for any investment gain or loss that may occur from the use of this material. No part of this material may be reproduced in any form or used in any publication without express written permission from Old Well Labs.