While dollars invested were 11x the levels of Q4, deal count remained about the same as investors concentrated their bets.

It follows a recent launch of its first VC vehicle.

The portfolios of firms that invest in both stocks and startups may have become “bloated” on the venture side.

The move is designed to capitalize on the convergence of public and private markets, a person familiar with the matter said.

Hedge fund manager Magnetar Capital is launching a $235 million venture fund aimed specifically at AI investing, its first-ever VC vehicle.

Hedge funds face repercussions for their forays into venture capital as LP withdrawals force a strategy shift.

Corporate venture arms, PE firms and other nontraditional investors have rushed into venture over the last few years. Now, many of these investors are starting to retreat from VC-backed startups amid high stock market volatility and increasing interest rates.

A year has passed since Gary Gensler was nominated to his post as SEC chairman. In that relatively short time, the agency has drawn up an agenda for private markets that is quickly gaining steam.

PE firms and hedge funds criticized proposed SEC rules to expand the amount of confidential information large funds must share with regulators, increase the speed with which they must share it, and boost the number of funds that fall under reporting requirements.