As the role of the fund-of-funds model changes, this new version could prove to be the perfect vehicle to help diverse and emerging fund managers.
It may be tempting for managers to close on capital as soon as they have it in this quieter funding environment, but that's probably not the best move.
Emerging managers saw the funding declines of 2022 continue into 2023. But I think the space is worth getting excited about.
When it came to emerging managers, SVB went beyond just banking resources. These young VCs hope that support isn't lost.