Core Insights - Leigh Marie Braswell, a partner at Kleiner Perkins, has emerged as a notable figure in venture capital, particularly in the AI sector, despite her unconventional entry into the field [2][3] - Braswell's investment strategy is influenced by her background in poker, emphasizing the importance of tracking probabilities and making informed decisions in uncertain environments [5] Company and Industry Highlights - Braswell began her venture capital journey by angel investing in 2020, with her first investment in Ambience Healthcare, which is now valued at $1.1 billion [2] - At Kleiner Perkins, Braswell has been instrumental in backing significant AI deals, including Windsurf (an Alphabet acquihire) and Neon (acquired by Databricks), showcasing her impact in the venture capital landscape [3] - The current portfolio at Kleiner Perkins under Braswell includes companies like Nooks, Convoke, Reevo, Avoca, and Forge, indicating her diverse investment interests [3] - The venture capital firm Kleiner Perkins is undergoing a turnaround, led by Mamoon Hamid and Ilya Fushman, with Braswell being recognized as a rising star within the firm [2]

Core Insights - Slate Venture Capital has successfully closed its inaugural growth fund at €132 million, focusing on energy transition and circular economy investments [1][8] - The fund aims to support European B2B companies where environmental performance enhances economic returns, particularly in energy transition and low-carbon industrial processes [2][8] - The fundraising environment reflects a broader trend of institutional interest in scalable, climate-focused business models, with approximately €900 million to €1 billion committed to similar strategies across Europe [7] Fund Details - SlateVC plans to invest in 15 to 20 companies with strong commercial momentum, targeting international expansion [11] - The fund has already made two cornerstone investments, including Fairmat, which develops recycled carbon-fiber composite materials, and Resourcify, an AI-powered SaaS platform for optimizing circularity programs [12] Market Context - The fundraising activity in 2025 and early 2026 indicates ongoing capital formation in European climate and energy transition strategies, providing a favorable backdrop for SlateVC's first close [3] - Other notable funds in the region include Footprint Fund I (€76 million), Ananda Impact Ventures (€73 million), 2150 Fund II (€210 million), and SC Net Zero Ventures I (€210 million), all targeting climate-related investments [4][5][6] Company Background - Founded in 2023, SlateVC is an independent pan-European investment firm regulated by the French financial markets authority, focusing on technologies that contribute to climate transition [8][9] - The founding team has extensive experience in entrepreneurship, venture capital, and industrial strategy, having completed over 150 venture investments collectively [9][10]

Group 1: Peak XV Partners Developments - Three managing directors, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have left Peak XV Partners to establish a new fund, citing "disagreements" over economics and payouts as the reason for their departure [3][5][29] - Shailendra Singh, managing director at Peak XV, described the exits as a natural outcome of a high-agency, entrepreneurial culture, indicating a shift towards a leaner structure with a target of seven to eight general partners [7][29] - The firm has promoted Abhishek Mohan to managing director and appointed Saipriya Sarangan as chief operating officer, while veteran partners including Singh, GV Ravishankar, Rajan Anandan, and Sakshi Chopra remain [18][29] Group 2: Industry Trends and Financial Updates - The early-stage investing industry is experiencing a rough period, with multiple partner exits from Peak XV and other firms, coinciding with ongoing discussions about raising independent funds [18][29] - The Indian government has introduced a targeted tax exemption for overseas professionals, aimed at attracting global talent to the electronics and semiconductor sectors, which has been positively received by industry experts [20][21] - WestBridge Capital has made its first climatetech investment by leading a $45 million funding round in Varaha, a startup focused on carbon dioxide removal and verified carbon credits [24][29] Group 3: Financial Performance of Companies - Mumbai-based stockbroking startup Dhan reported a net profit of Rs 408 crore for the financial year 2025, a 156% increase from Rs 159 crore the previous year, with operating revenue growing 2.3 times to Rs 876 crore [29][31] - Fractal Analytics has reduced its IPO size to Rs 2,833.9 crore, a 42% decrease from the previously proposed Rs 4,900 crore [29][31] - Nazara Technologies reported a 24% year-on-year decline in operating revenue for Q3 FY26, with revenue at Rs 405.9 crore and a net profit decrease of 35% to Rs 8.8 crore [29][31]

Core Insights - Peak XV Partners, a prominent venture capital firm in India and Southeast Asia, is experiencing a wave of senior departures as it intensifies its focus on AI investments and aims to expand its presence in the U.S. while maintaining India as its primary market [2] Group 1: Departures and Internal Dynamics - The recent departures are attributed to an internal disagreement involving senior partner Ashish Agrawal, leading to a mutual decision to part ways, along with partners Ishaan Mittal and Tejeshwi Sharma [3] - Peak XV has chosen not to disclose the specifics of the disagreement, emphasizing a desire to move forward and maintain professionalism [4] - Such departures are common in large, multi-stage venture firms, and Peak XV is focused on continuity with existing general and operating partners already involved in various portfolio companies [5] Group 2: Tenure and Future Plans - The departing partners have significant tenure at Peak XV, with Agrawal having over 13 years, Mittal over nine years, and Sharma more than seven years at the firm [6] - Agrawal announced plans to start a new venture capital firm with Mittal and Sharma, viewing this as an opportunity to build a new institution with trusted partners [7] Group 3: Leadership Changes - In response to the departures, Peak XV has promoted Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer, enhancing its internal leadership structure [8]

Group 1 - The shift in business focus from shareholder value to stakeholder value is gaining traction, with companies like PayPal increasing employee net disposable income from 4% to 20%, resulting in higher productivity and lower turnover [1] - KKR's CEO emphasizes the importance of motivating frontline employees by modifying equity plans, leading to significant financial rewards for workers, such as an average of $175,000 received by employees when KKR sold CHI Overhead Doors [5] - The rise of benefit corporations and B-Certified companies, such as Patagonia and Unilever, indicates a growing trend towards balancing profitability with social responsibility, with 18% of US employees having an ownership stake in their employers [6] Group 2 - The venture capital landscape is shifting, with 2025 seeing 70% of deals going to AI companies, but a decline in the number of individual deals suggests fewer new companies and ideas entering the market [3] - The need for transparency in capital markets is highlighted, allowing investors and employees to discern which companies contribute to wealth inequality versus those that promote equity [7] - Lowering barriers to starting a business is essential for fostering innovation and economic dynamism, as evidenced by the diversity of industries represented in venture deals in 2021 compared to the current landscape [8] Group 3 - The importance of creating broad-based prosperity is emphasized, with a call for measuring success beyond GDP and market caps, focusing instead on how many people can benefit from economic growth [9] - The concept of "Trump Bonds" aims to give every child a stake in capital markets, promoting a more equitable society and expanding access to retirement investing [6] - American allies are increasingly skeptical of US leadership while simultaneously recognizing the potential of American-designed AI technology, indicating a complex global perception of the US [4]

21世纪经济报道记者 曹媛 深圳报道 国家创业投资引导基金使用超长期特别国债资金出资，在国家层面由财政出资1000亿元，在区域基金、子基金层面积极鼓励社 会资本参与。天眼查APP显示，国家创投引导基金成立于2025年7月21日，注册资本为1千亿，由财政部持股100%，认缴出资额 为1千亿。 其中，粤港澳基金目标规模504.5亿元，存续期最长可达20年，由深创投担任管理人，深创投和华润资本共同作为基金普通合伙 人。 这一千亿级"航母"基金将撬动带动近万亿地方资金、社会资本，一级市场信心有所提振。一位深圳创投机构创始合伙人曾告诉 记者，"2026您对于头部GP而言，募资机遇较多，最大的机会是获得国家级大基金，如国家发改委主导的万亿级别的引导基金 等。随着大基金数量的增加，优质GP将有更多机会获得资金，我相信在今年募资端是比较好的。" （图源：深创投）三只基金定位不同，结合资源禀赋布局 国家创业投资引导基金是经国务院批准，国家发展改革委、财政部推动组建，按市场化方式运作、重点投向种子期和初创期创 新型企业的政策性基金。 年初，500亿超级国资开闸了。 近日，国家创业投资引导基金（简称"国家创投引导基金"）的区域子基 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The focus in private markets has shifted from interest rates and inflation to tariffs and trade policies, which have reached levels not seen in a century, increasing operational and investment risks for funds [4][33] - Fundraising sentiment is stable but demanding, with capital flowing towards large platforms or niche managers, while those in the middle face tougher conditions [5] - AI adoption in private markets has accelerated, with nearly all firms exploring AI tools, although governance and clear policies are still lacking [6][116] Macro - The federal funds rate is expected to decrease, with market pricing indicating two cuts by year-end and another two next year, although inflation concerns may affect borrowing costs [19][21] - The effective US tariff rate has risen significantly, impacting private markets and leading funds to manage FX risk through increased hedging [33][36] Private Market Trends - Fundraising has returned to pre-pandemic levels, but there is a split in capital flow, with large and niche funds performing better than mid-sized funds [5][52] - Investors expect moderate growth in AUM, with nearly 70% anticipating an increase of 10% or more over the next 12 months [62] - The fundraising environment is characterized by a bifurcation, where large funds are aggregating capital while niche funds succeed through sectoral expertise [63] Spotlight: AI and Firm Operations - The era of AI hesitation has ended, with most firms now exploring AI tools, although implementation remains a challenge [116] - Firms are focusing on building data infrastructure to maximize the benefits of AI, as many lack the necessary data foundation [117][118] - AI tools are primarily being used in areas where junior staff work, but hiring for junior positions remains strong as firms view AI as a complement rather than a replacement [129][130]

关注投资家，⭐，您会收到最新推送 根据此前报道，粤港澳基金拥有长达20年的存续期（10年投资期+10年退出期），坚持"投早、投小、 投长期、投硬科技"，重点投向集成电路、人工智能、航空航天、低空经济、生物制造、未来能源等领 域的早期项目和种子期企业，支持企业聚焦前沿领域开展原创性、颠覆性技术攻关。 作者 | FOFWEEKLY 来源 | FOFWEEKLY 千亿级国家队母基金正式进入实质出资阶段。 最新进展 一纸公告，引起行业广泛关注。 1月31日，粤港澳大湾区创业投资引导基金（以下简称"粤港澳基金"）正式面向社会公开遴选子基金管 理机构，这不仅标志着这只聚焦大湾区的区域母基金进入实质运作阶段，同时也是备受关注的国家创业 投资引导基金体系，迎来了首支进入出资阶段的区域性母基金。 自2025年12月26日国家创业投资引导基金高规格启动以来，这艘规模达千亿的"资本航母"将如何落子， 一直是市场关注的焦点。根据规划，引导基金设置"基金公司—区域基金—子基金"3层架构。 其中，京津冀创业投资引导基金、长三角创业投资引导基金、粤港澳大湾区创业投资引导基金均已在去 年年底完成工商注册。 而此次，粤港澳基金则展现出了令人瞩 ...

导读： 国家队母基金"发令枪响"，一级市场迎来结构性活水。 作者丨FOFWEEKLY 千亿级国家队母基金正式进入实质出资阶段。 最新进展 一纸公告，引起行业广泛关注。 1月31日，粤港澳大湾区创业投资引导基金（以下简称"粤港澳基金"）正式面向社会公开遴选子 基金管理机构，这不仅标志着这只聚焦大湾区的区域母基金进入实质运作阶段，同时也是备受关注 的国家创业投资引导基金体系，迎来了首支进入出资阶段的区域性母基金。 耐心资本加速入场 粤港澳基金的快速出资并非个例，而是广东省乃至全国系统性构建"耐心资本"生态体系的一个缩 影。 除了备受关注的粤港澳基金外，广东省引导基金已于去年12月18日完成工商注册，首笔100亿元 注册资本已经实缴到位，下一步将加快推动母基金遴选和资金投放。 据介绍， 省引导基金采用三层架构，第一层在引导基金层面，坚持省级系统谋划和整体推进，强 化产业规划、基金投资和政策要素协同；在母基金和子基金层面，强化央地合作和省市联动，积极 吸引央企资本、金融资本、产业资本、社会资本， 并且也将在全国范围遴选优秀投资机构担任管 理人。 在近期 举行的广东省十四届人大五次会议省直部门专场记者会上 ， 广东省发 ...

Group 1 - The Angel Fund aims for a total scale of 1 billion yuan, established by the Jiaxing Municipal Government Equity Investment Fund Co., Ltd. and Jiaxing Talent Investment Service Co., Ltd. [1] - The fund manager is Jiaxing Changjiang Innovation Investment Group Co., Ltd., specifically its subsidiary Jiaxing Changtou Venture Capital Co., Ltd. [1] - Sub-funds will generally adopt a limited partnership structure, with a minimum scale of 100 million yuan, and the Angel Fund's investment in sub-funds will not exceed 40% of the sub-fund's scale [1] Group 2 - The Angel Fund will invest at least 50% of its total scale into angel-type enterprises, focusing on industries such as artificial intelligence, medical technology, new materials, quantum technology, and consumer technology [1]