Risk Off: Hedge Funds Shun VC In 2016 by Evan B. Morris, PitchBook
Amidst plateauing global equity markets, hedge funds poured into the VC asset class in recent years. According to data from the PitchBook Platform, overall investment activity peaked in 3Q 2015 when hedge funds went in on 41 venture deals. The tide has turned in 2016, however, as hedge funds are on pace to complete the fewest quarterly VC deals in several years. We exclude Tiger Global Management, the most prodigious hedge fund investor in the space, as the capital invested from the $20 billion asset manager’s several multi-billion dollar venture funds skew the data.
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