Opportunity Fund

“Our opportunity fund is in fact contractually prohibited from chasing deals outside of our portfolio.”

“The feeling in the LP community is pretty mixed on them. And so we haven't, you know, gone there yet, but it's something we've thought about and we've seen quite a bit of.”

“And I, we just haven't seen it, but I don't think a separate fund has changed any market perceptions.”

“On average, we've been seeing about five or so of these opportunity funds raised per year since 2011, and this year there were 14 closed, as we thought, which spiked the numbers to over two billion in opportunity funds”

“Then you will see the continued emergence and raising of opportunity select and growth funds, and to the extent that those are backing companies that they're already in and building bigger positions behind it as a life cycle partner, I think it very much can m…”

“Where I become more skeptical is groups that add later stage focused funds or other vehicles like that that aren't actually playing off of the inherent advantage that they have being in companies already. If they're just sourcing late stage companies they thin…”

“We don't have a growth fund, for example, we have a fund that we call the Opportunity Fund. And why do we call it the Opportunity Fund? Because things we put in there need to feel like they're actual opportunities. And so it doesn't have any revenue requiremen…”

“We're currently investing out of our fifth fund. In fact, we have two. We have a seed fund, and we have a opportunity fund. The seed fund is a hundred and thirty-five million. The opportunity fund is sixty-five million.”

“That it's difficult to have all these different strategies cohabitate under one roof. They have different methodologies, You have to build the teams differently. You know, the investment decisions are made, you know, with very different criteria, and it's not …”

“We have half a billion dollars, five hundred million dollars opportunity fund that where we invest in follow-on rounds in, in our own portfolio companies.”

“Unless you end up with one of the very few companies that are not just amazing, but are super amazing, where they can be a twenty billion dollar outcome, your ability to deploy lots of capital relative to your early stage fund is actually much smaller than you…”

“Wasn't worth it For me to do the opportunity funds. It's not enough. Like I'll make like 15% more money. It's not enough money, right?”