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PitchBook Analyst Note: Sovereign Wealth Funds' Multiple Avenues to VC Exposure

Q2 2020

PitchBook Analyst Note: Sovereign Wealth Funds' Multiple Avenues to VC Exposure

May 26, 2020

PitchBook Analyst Note: Sovereign Wealth Funds' Multiple Avenues to VC Exposure
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Sovereign wealth funds' participation in the venture market has evolved considerably over the past decade. This research note details how the growth of the venture market over the past decade has presented additional opportunities for SWFs to gain exposure to VC, with the advent of mega-deals and unicorns. In addition, the note explores the different avenues of access that SWFs employ, from indirect investment such as seeding of new managers or taking limited partner stakes, to their direct funding of large venture-backed businesses.