Iconiq Capital, an investment group supported by Meta Platforms Inc. CEO Mark Zuckerberg and Twitter founder Jack Dorsey, is exploring alternative methods to generate returns from its largest-ever venture fund due to a lack of initial public offerings.
What Happened: The San Francisco-based firm recently closed a $5.75 billion fund through its venture arm, Iconiq Growth, surpassing its previous $4.1 billion fund raised in 2021. Partner Matthew Jacobson told the Financial Times that the fund would adapt to the downturn in public markets, which has resulted in fewer start-ups seeking IPOs.
Jacobson noted that historically, most of Iconiq’s value came from public markets, with around 30 IPOs in the past 11 years. However, no new companies …
Full story available on Benzinga.com
Iconiq Capital, an investment group supported by Meta Platforms Inc. CEO Mark Zuckerberg and Twitter founder Jack Dorsey, is exploring alternative methods to generate returns from its largest-ever venture fund due to a lack of initial public offerings.
What Happened: The San Francisco-based firm recently closed a $5.75 billion fund through its venture arm, Iconiq Growth, surpassing its previous $4.1 billion fund raised in 2021. Partner Matthew Jacobson told the Financial Times that the fund would adapt to the downturn in public markets, which has resulted in fewer start-ups seeking IPOs.
Jacobson noted that historically, most of Iconiq’s value came from public markets, with around 30 IPOs in the past 11 years. However, no new companies …
Full story available on Benzinga.com
Iconiq Capital, an investment group supported by Meta Platforms Inc. CEO Mark Zuckerberg and Twitter founder Jack Dorsey, is exploring alternative methods to generate returns from its largest-ever venture fund due to a lack of initial public offerings.
What Happened: The San Francisco-based firm recently closed a $5.75 billion fund through its venture arm, Iconiq Growth, surpassing its previous $4.1 billion fund raised in 2021. Partner Matthew Jacobson told the Financial Times that the fund would adapt to the downturn in public markets, which has resulted in fewer start-ups seeking IPOs.
Jacobson noted that historically, most of Iconiq’s value came from public markets, with around 30 IPOs in the past 11 years. However, no new companies …Full story available on Benzinga.com Read MoreIconiq Capital, Jack Dorsey, Kaustubh Bagalkote, Mark Zuckerberg, News, IPOs, Startups, Tech, News, IPOs, Startups, Tech, Benzinga IPOs
