Kanji: Hoxton's Darktrace SPVs achieved 66% to 154% realized net IRR
Hussein Kanji · Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings · Jan 20, 2025 · at 22:42
Hussein Kanji is the founder and managing partner of Hoxton Ventures. He shares the performance metrics for SPVs created to invest additional capital in cybersecurity company Darktrace ahead of its IPO.
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“So in the run-up to the Darktrace IPO, we did a bunch of SPVs with our investors. We put more money to work in Darktrace than the fund size of Fund One. And we think the lowest performing IRR for us was net 66%. This is all realized, by the way. Net 66%. And the best performing was net one 54%.”
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