Watch the replay of this webinar in GCV’s The Next Wave webinar series which took place on October 9, 2024.
Historically, VC fund LP positions have been seen as a passive investment vehicle for corporations who lacked skills or did not seek to build out a dedicated investment program/ team. That is no longer the case. GCV Keystone survey data shows that close to half of CVCs (47%) do invest in VC funds.
And while some use LP positions as a ‘toe in the water’ for learning to make investments in startups, many now employ LP stakes in a more sophisticated way to:
- Expand into new geographies
- Access specialist sector expertise
- Draw insights from very early-stage startups via seed funds
But it takes two to tango – and some GP/ strategic LP relationships are more valuable than others. In this webinar, the panel of VC fund managers discussed:
- Why should a corporation invest in VC funds?
- Why should a VC fund include corporate ‘strategic’ vs passive ‘institutional’ LPs?
- What criteria do GPs use to identify/source and evaluate potential corporate LPs?
- What expectations do GPs have of corporate strategic LPs?
- What sorts of programs do GPs have in place to ensure value is both derived from and delivered to corporate investors?
- What to look for and what to watch out for in strategic LP agreements?
- How do GPs measure the value and portfolio impact from having corporate LPs?
Speakers:
Andy Lubershane, Partner and Head of Research, Energy Impact Partners
Stephen Marcus, Head of Customer Success, Emerald Technology Ventures
Robert Garber, Partner, 7wire Ventures
Moderator:
Liz Arrington, Managing Director, GCV Institute
