Exclusive-Ex-Tiger Global partner John Curtius to raise $1 billion for new venture capital fund -source

Follow us on Google News:
 Exclusive-Ex-Tiger Global partner John Curtius to raise $1 billion for new venture capital fund -source
Image source: ©2022 Kalkine Media®

By Krystal Hu

(Reuters) -John Curtius, a former partner at investment firm Tiger Global, is in talks with institutional investors to raise $1 billion for his new venture fund Cedar Investment Management, a person familiar with the matter told Reuters.

The fund will focus on investing in early stage enterprise software companies in the United States and Europe, the source added, requesting anonymity while discussing private matters.

If closed, the fund will likely be one of the largest new funds raised by first-time fund managers amid a slowing venture capital market. VC investment is down by 52% year-on-year in the first three quarters, according to a report from EY.

While a record amount of capital of $151 billion has been raised by venture funds by end of September, first-time fund managers are finding it harder to secure commitments from limited partners from pension funds to university endowments, as investors' appetite for risky assets such as venture decreased.

Curtius joined Tiger from Elliott Management in 2017 and had been running enterprise software investment at the prolific tech investment firm that has $125 billion in asset under management.

His portfolio of tech companies includes security software SentinelOne and unicorns such as data infrastructure firm Databricks and cybersecurity company Snyk.

(Reporting by Krystal Hu in Toronto; Editing by Mark Porter and Lisa Shumaker)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK