Venture Fund Portfolio Construction | Journal | Kauffman Fellows
added by Juan Orbea · updated 2y ago
Venture Fund Portfolio Construction | Journal | Kauffman Fellows
- Fund Structure
Traditional Fund
Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.
That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.
Ro
... See morefrom VC terms you need to know by Weekend Fund
Juan Orbea added
- Proper portfolio construction requires specifying a goal (maximize sum for one period or parlayed bets),identifying an opportunity set (lots of small edge or lumpy but large edge), and considering constraints(liquidity, drawdowns, leverage).
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
Daniel Bakalarz added
#BreakIntoVC: How to Break Into Venture Capital And Think Like an Investor Whether You're a Student, Entrepreneur or Working Professional (Venture Capital Guidebook Book 1)
