VC Directory

GROWTH VCs in Germany Directory

Curated index of active venture capital funds investing in Europe and Israel. Track partners, stages, and check sizes.

GSAM

Frankfurt, DE

Goldman Sachs Asset Management (GSAM) focuses on delivering superior client outcomes through active ETFs and a range of public and private market investment solutions. Their approach combines deep expertise with a commitment to understanding and addressing client needs. The firm emphasizes integrated offerings across equities, fixed income, and multi-asset solutions, aiming to help investors achieve their financial goals by navigating market challenges effectively. GSAM aims to provide alternative investment opportunities, including private market access, to diversify portfolios and enhance returns, with a particular focus on adapting to evolving market conditions and integrating sustainability considerations into investment strategies. The firm's investment strategy involves a blend of active management, strategic asset allocation, and risk management. GSAM seeks to identify and capitalize on market inefficiencies, leverage its global research capabilities, and provide tailored investment solutions to meet specific client objectives. A core theme is the integration of alternative investments into traditional portfolios to generate alpha and manage risk in a changing investment landscape. GSAM leverages its scale and expertise to offer innovative investment products, including actively managed ETFs and alternative investment options, to retail investors and institutional clients. GSAM's approach also includes a focus on impact investing, particularly in areas related to climate transition and inclusive growth. They are committed to integrating environmental, social, and governance (ESG) factors into their investment processes, aiming to generate both financial returns and positive social and environmental impact. The firm offers insights and market perspectives through publications and newsletters, keeping clients informed about economic trends and investment strategies. GSAM positions itself as a partner that prioritizes client needs and offers a comprehensive suite of investment capabilities. They leverage a global network of investment professionals and a deep understanding of various asset classes to deliver tailored solutions that meet the diverse needs of investors. The emphasis on active management, innovative product development, and a client-centric approach are central to GSAM's investment philosophy.

Not explicitly mentioned, but seems to span various stages given the public and private investment optionsEquitiesFixed Income

Geschwister Oetker Beteiligungen

Bielefeld, DE

Geschwister Oetker Beteiligungen, operating under the Oetker Collection KG, is a family-owned investment group with a long tradition (over 130 years) of entrepreneurship. Founded in 2021, it combines the dynamism of a new company with established values of responsibility and reliability. The group focuses on diversification across various sectors, as evidenced by its portfolio companies. Their investment strategy seems to prioritize companies with strong market positions, potential for growth, and alignment with their core values. This approach is reflected in their investments in areas like premium beverages (Henkell Freixenet, Fürst von Metternich, Schloss Johannisberg), bakery ingredients (Martin Braun-Gruppe, C. Siebrecht Söhne KG), robotics (R3 Robotics), and sustainable food alternatives (WIN-WIN). The Oetker Collection's strategy also includes strategic acquisitions, as seen with Henkell Freixenet acquiring full ownership of Freixenet S.A. This further consolidates their market position within the beverage industry and demonstrates their commitment to long-term growth. Further, Oetker Collection leverages its international presence, operating in 37 countries, to support portfolio companies' global expansion.

Series A (R3 Robotics and WIN-WIN mentions Series A)BeveragesBakery Ingredients

Hamburg Investitions- und Förderbank (IFB)

Hamburg, DE

IFB Hamburg (Hamburgische Investitions- und Förderbank) is the central development bank of the city of Hamburg, Germany. Its core mission is to support the economic and social development of Hamburg by providing public funding and financial instruments. IFB Hamburg focuses on urban development, housing, climate protection, economic development, and innovation, fostering sustainability and growth across various sectors. It offers a range of programs including grants, loans, and equity investments to support projects that contribute to the city's strategic goals. Their strategy is to create a positive impact on Hamburg by addressing key challenges and promoting a vibrant and resilient economy.

Not explicitly mentioned, but the focus seems to be on projects needing funding, which could include seed to growth stages depending on the program.Urban developmenthousing

Hannover Beteiligungsfonds

Hannover, DE

Based on the crawled content, Hannoverimpuls appears to be an economic development agency for the Hannover region in Germany, rather than a traditional venture capital fund. Their primary focus is on promoting entrepreneurship, supporting startups, and attracting skilled workers to the region. They achieve this through various programs, initiatives, and events, such as "Gründung Kompakt" which assists unemployed individuals in starting their own businesses, and "leanlab" which helps transform ideas into business models. They also highlight successful local companies and initiatives, such as INLEAP Photonics (drone defense), MOST (mobile stress tests for athletes), and QVLS-iLabs (quantum technology cluster). Therefore, Hannoverimpuls' "investment thesis" isn't a direct monetary investment but rather an investment in the ecosystem by providing resources, connections, and visibility to foster innovation and economic growth within the Hannover region. Their strategy involves collaboration with local universities, businesses, and government agencies to create a supportive environment for startups and established companies alike. Their economic development activities are not purely for profit, but serve to improve the prosperity of the Hannover region. Since Hannoverimpuls is an economic development agency, it is likely that any financial "investments" they make are small and likely seed or pre-seed stage or are grants or non-dilutive funding. Hannoverimpuls actively promotes the Hannover region as an attractive location for businesses and skilled workers. This involves highlighting the region's strengths in various industries, such as technology and manufacturing, and showcasing successful companies that have established themselves in Hannover. Additionally, they organize events and workshops to connect entrepreneurs with potential investors, mentors, and partners. Overall, Hannoverimpuls plays a critical role in supporting the economic development of the Hannover region by fostering innovation, promoting entrepreneurship, and attracting skilled workers. Their multifaceted approach, which combines direct support for startups with broader initiatives to enhance the region's business climate, makes them a valuable asset for the local economy. Their mission is to support and grow business within the Hannover region.

Pre-seed, Seed (likely through supporting programs, not direct investments)DeepTechPhotonics

Heliad Equity Partners

Frankfurt, DE

Heliad Equity Partners focuses on providing generational founders with access to capital markets. They invest in early-stage companies through their fully owned early-stage investment vehicle, Collective Ventures, supporting founders from pre-seed to Series A. They also make growth-stage and beyond investments directly from their balance sheet, utilizing an evergreen structure that allows for long-term partnerships, even beyond an IPO. Heliad emphasizes its ability to support companies through various stages of their growth, without being constrained by typical fund life cycles. They aim to be more than just investors, acting as partners to help companies reach their full potential.

Pre-seed, Seed, Series A, Growth-stage, Beyond IPOAIAutomation

Hessen Kapital

DE

Hessen Kapital provides equity and equity-like financing alternatives to traditional bank loans for companies in Hesse, Germany. They invest in early-stage and growth-stage companies, including technology-oriented startups, university spin-offs, and companies undergoing succession. By offering silent and open participations, Hessen Kapital aims to strengthen the companies' equity base, improve liquidity and creditworthiness, and increase their ability to secure further financing. A key focus is supporting companies with a positive societal impact, especially those pursuing ecological, digital, or social innovations.

Gründungsphase (Seed/Startup), Frühphase (Early Stage), Wachstum (Growth), Unternehmensnachfolgen (Succession)TechnologyInnovation

High Rise Ventures

Berlin, DE

High Rise Ventures is a Berlin-based company builder and boutique Venture Capital firm focused on PropTech startups. They invest in early-stage tech companies with strong teams and convincing technologies. Their strategy involves defining a use case and product for the real estate industry, structuring the company setup for realization, providing investment and support for cash flow/liquidity, and establishing the right sales approach for growth. They emphasize B2B use cases within the PropTech sector. They also act as a company builder, actively shaping the startups they invest.

Early Stage, SeedPropTechReal Estate Tech

Investitions- und Strukturbank Rheinland-Pfalz

Mainz, DE

The Investitions- und Strukturbank Rheinland-Pfalz (ISB) is the development bank of the state of Rhineland-Palatinate, Germany. It supports private individuals, companies, and municipalities in the region through various funding programs. These programs target housing projects, business start-ups, business expansions, and infrastructure projects, aiming to strengthen the regional economy, improve the quality of life, and promote sustainable development. ISB plays a vital role in providing financial assistance and advisory services to drive economic growth and address societal needs within Rhineland-Palatinate. ISB focuses on promoting a strong economy, modern and affordable housing, and a stable and digital infrastructure in Rhineland-Palatinate. It provides targeted support for specific needs, as shown by the Corona aid programs and the aid for flood victims ('Aufbauhilfen RLP'). ISB engages in social housing support, providing funding to organizations like the Stiftung Bethesda-St. Martin. The organization supports communal infrastructure projects and sustainable mobility as an important investment focus. ISB's strategy involves partnering with the state government and utilizing funds to offer loans, guarantees, and equity investments to businesses and individuals. It acts as a catalyst for economic development by providing access to capital that might not be readily available from commercial banks. By supporting diverse projects, ISB aims to create jobs, stimulate innovation, and improve the overall competitiveness of Rhineland-Palatinate. ISB acts as a facilitator and connector, by providing consultation and supporting economic development through financial support, consultation days and press releases to maintain a strong connection to the regional economy.

Not specified, but implied to be broad, including start-ups, expansions, and infrastructure projects.Wirtschaftsförderung (economic development)Wohnraumförderung (housing development)

Investitionsbank Berlin

Berlin, DE

Investitionsbank Berlin (IBB) is the promotional bank of the State of Berlin. It focuses on strengthening the economic dynamism of Berlin by providing comprehensive funding opportunities that also promote job creation. Their goal is to support companies with flexible financing solutions, including low-interest loans, equity investments, and direct grants. IBB offers tailored support programs for Berlin-based companies of all sizes, industries, and development phases, whether for investments, innovations, start-ups, or growth.

Not explicitly mentioned, but seems to cover all stages from Existenzgründung (Start-up) to Unternehmenswachstum (Growth).Existenzgründung (Start-ups)Unternehmenswachstum & Investitionen (Business growth & Investments)

Investitionsbank Berlin Brandenburg (IBB)

Berlin, DE

Investitionsbank Berlin (IBB) focuses on strengthening the economic dynamics of Berlin by providing comprehensive funding opportunities and promoting job creation. They offer flexible financing solutions to companies of all sizes, sectors, and development stages through low-interest loans, equity investments, and direct grants. IBB's strategy encompasses support for investments, innovations, startups, and growth initiatives, contributing to the sustainable development of the Berlin economy.

Not explicitly mentioned, but supports Existenzgründung (Startups) to established Unternehmen (companies)ExistenzgründungUnternehmenswachstum

KOMPAS VC

Cologne, DE

KOMPAS VC invests in innovative technologies for the manufacturing industry and the built environment, focusing on companies that address major contributors to CO₂ emissions, productivity challenges, geopolitical instability, supply chain disruptions, and cyber threats. The firm provides high-growth companies with capital and strategic industry access to enable the transition within those two industries towards an economic model that balances growth and prosperity while respecting planetary boundaries. They aim to transform the economy by backing ambitious entrepreneurs solving today’s industrial challenges with tomorrow’s technologies, fostering sustainable growth within planetary boundaries. They look for companies that can redefine industries where it matters most, specifically in areas like microprocessors, biodiversity, carbon capture, robotics, advanced materials, energy, mining, logistics, construction, industrial supply chains, and manufacturing.

Seed to Series BIndustrial decarbonisationManufacturing

Katjesgreenfood

DE

Invests in innovative, growth-driven food brands with the potential to become emotionally resonant 'Love Brands.' Focuses on plant-based, sustainable, and consumer-centric solutions addressing trends like clean eating, high-protein, and individualization. Leverages Katjes Group’s 70+ years of food industry expertise to accelerate portfolio companies’ growth through strategic support in branding, marketing, and operations.

Scale-ups & established companiesFuture FoodLove Brands

KfW Germany

Frankfurt, DE

KfW, as a promotional bank, focuses on strengthening the German economy and innovation landscape through various funding and financing instruments. Their strategy involves offering a wide range of support, including guarantees, equity, securitization, promotional loans, and grants, tailored to the needs of stakeholders to stimulate economic growth. A key initiative is the Deutschlandfonds, which aims to facilitate large-scale investments in Germany by private and municipal companies, leveraging public funds and guarantees to mobilize substantial investments. KfW Capital, a subsidiary, invests in German and European Venture Capital and Venture Debt funds, providing technology-oriented growth companies with better access to capital. KfW supports the competitiveness and future viability of small and medium-sized enterprises (SMEs) through promotional loans and grants, recognizing the importance of an innovative and digital Mittelstand for a strong German economy. They are actively involved in addressing key challenges such as innovation stagnation among SMEs by providing support and advocating for policies that encourage innovation, particularly among smaller businesses without dedicated R&D departments. KfW also plays a role in promoting sustainable development, including energy-efficient renovations and climate-friendly new construction. KfW's approach includes both direct funding and indirect support via VC fund investments to stimulate various sectors. They aim to facilitate investments in key areas like innovation, digitization, and sustainable infrastructure. The Deutschlandfonds specifically aims to unlock investments exceeding 130 billion EUR. By coordinating the Deutschlandfonds, KfW acts as the primary contact point for national and international investor consulting. Overall, KfW's investment thesis is centered on strategically deploying financial instruments to support economic development and innovation in Germany, with a focus on SMEs, infrastructure, and technological advancements. They prioritize initiatives that promote competitiveness, sustainability, and resilience, all within the context of Germany's economic and policy landscape.

Early-stage, Growth-stageInnovationDigitalization

L-Bank

Karlsruhe, DE

L-Bank is the state development bank of Baden-Württemberg, Germany. Their core mission is to support the economy, municipalities, and people within the state. They offer a wide range of funding programs, from supporting startups and established businesses with new ventures, investments, and energy-saving measures to assisting municipalities in infrastructure development. They also provide financial assistance for individuals, including support for homeownership, social housing construction, parental benefits (Elterngeld), educational initiatives, and environmental protection efforts. L-Bank positions itself as a partner rather than a competitor to commercial banks, working collaboratively to develop financing solutions. Many of their funding programs can be accessed through local banks. The bank emphasizes its commitment to Baden-Württemberg, aiming to ensure the state remains a desirable place to live and work. They provide resources and guidance to navigate the available funding options, offering a "Förder-Wegweiser" (funding guide) to help individuals and organizations identify relevant programs based on their specific needs. The bank focuses on providing support tailored to the specific needs of Baden-Württemberg. This includes promoting innovation, investment, and growth within the region, and providing resources for individuals, families, businesses, and municipalities.

Early Stage, Growth StageStart-upsCompanies

LBBW VC

Stuttgart, DE
L

LBBW VC invests in early-stage, disruptive companies with strong moats, focusing on visionary market leadership. Leveraging LBBW’s long-term perspective, the firm supports innovative startups in the DACH region, emphasizing hands-on growth support and a track record of backing entrepreneurs to turn ideas into scalable realities.

Seed to Series ASoftware-driven disruptive solutions in Enterprise ITIoT

La Famiglia VC

Berlin, DE

La Famiglia is a European seed and growth stage venture capital fund that invests in technology companies enabling or disrupting large industries. They differentiate themselves by offering more than just capital; they act as a trusted access platform, creating unique relationships between established industries and innovative startups. This access platform provides portfolio companies with early market access, impactful partnerships, and deep expertise, leveraging the connections and experience of their network of world-leading entrepreneurs. Their investment strategy focuses on facilitating relationships between the 'old' and 'new' worlds, indicating a focus on companies that can bridge the gap between traditional industries and emerging technologies. This approach suggests they look for startups that can offer innovative solutions to challenges faced by established businesses, or those that can create entirely new markets by leveraging existing industry infrastructure and knowledge. By building a strong network of successful entrepreneurs, La Famiglia provides its portfolio companies with unparalleled access to mentorship, strategic guidance, and potential business opportunities. They aim to offer differentiated leverage on capital by creating an ecosystem where portfolio companies can benefit from the collective experience and resources of their investors and network. This hands-on approach suggests that La Famiglia actively works to support its portfolio companies beyond just financial investment.

Seed, GrowthTechnology companies enabling or disrupting large industries

Lennertz & Co.

Hamburg, DE

Lennertz & Co. is an owner-managed multi-family office focused on the development and enhancement of its clients' assets. Their approach involves a thorough and ongoing assessment of the family situation, business, and asset position of their clients, taking into account the relevant legal and tax frameworks. Investment recommendations are aligned with the personal preferences of the clients, benefiting from Lennertz & Co.'s independence in assessing global investment opportunities, selecting them, and implementing them discreetly. They operate with an entrepreneurial mindset, emphasizing fast, profound, and secure decisions. Lennertz & Co. holds multiple licenses from the German Federal Financial Supervisory Authority (BaFin) and is subject to various qualitative and quantitative requirements from both BaFin and the Deutsche Bundesbank. They offer services including asset structuring, asset development and growth, and asset transfer.

Pre-IPOVenture CapitalGrowth Equity

Lios Ventures

München, DE

LIOS Ventures believes in the power of entrepreneurship and game-changing ideas. They aim to build lasting relationships with founders, providing hands-on support to help teams reach the next level. Their approach combines decisive action with strategic patience, moving quickly when opportunities arise while maintaining the long-term vision needed for sustainable growth. The firm was founded by Frank Mair, positioning itself as 'The entrepreneurs fund.' LIOS Ventures has deep roots in the travel industry and primarily invests in companies that help travelers discover unique experiences. Beyond travel, they selectively invest in venture funds focused on technologies and breakthrough ideas to solve major global challenges. They showcase their backing of companies like Escapio (a curated hotel collection), PaulCamper (a campervan sharing platform), and Holidu (a vacation rental metasearch engine) as examples of their investment strategy. Their backing of PaulCamper early on demonstrates their willingness to invest at earlier stages. Their investments suggest a focus on companies leveraging technology to improve travel experiences.

Early stageTraveltravel experiences

Lloyd Fonds

DE

LAIQON is a modern financial service provider focused on wealth management solutions for both private and institutional investors. Their strategy combines active fund management with modern technology, including artificial intelligence, to create sustainable value, maximum transparency, and individualized support. They aim to be a leading player in the digital finance sector and are leveraging data and AI for forward-looking wealth solutions. Their GROWTH 28 strategy aims to increase Assets under Management to 15 billion EUR by 2028. LAIQON offers over 50 wealth products and solutions through its subsidiaries, catering to various client needs. These products are managed by portfolio management and asset management teams as well as using AI. Sustainability is integrated into their business and investment philosophy. LAIQON's platform strategy, LAIQON DAP 4.0, is designed to streamline internal and external processes and is a core element for future growth. Their approach involves a three-step process across all products and solutions, and they emphasize expertise in asset management, wealth management, digital wealth, and overlay management. They target both private and institutional clients with quality-oriented products. The firm regularly shares insights and perspectives from the asset management world through news, market analyses, and corporate updates.

Not applicableAsset ManagementWealth Management

MBG H Mittelständische Beteiligungsgesellschaft Hessen

Wiesbaden, DE

MBG Hessen is a venture capital firm that invests in small and medium-sized enterprises (SMEs) in the Hessen region of Germany. They provide capital in the form of silent partnerships (stille Beteiligungen) through various programs tailored to individual financing needs. Their investment strategy focuses on long-term partnerships rather than rapid growth and quick exits. They offer capital for various purposes, including growth and innovation, business succession, and specific support for the skilled crafts sector. MBG Hessen's programs cater to different stages and needs of SMEs. They provide funding for companies seeking to grow or innovate, with investments ranging from €100,000 to €1.5 million. They also have a specialized program for skilled crafts businesses, offering favorable terms and requiring a master craftsman qualification. A Kombi-Programm combines a loan from the company's bank, guaranteed by Bürgschaftsbank Hessen, with a silent partnership from MBG Hessen to improve the company's financial structure. Their Kleinbeteiligungsprogramm covers a broad range of investments, including market launches, business development, succession planning, and management buy-ins/outs. For smaller businesses and startups, MBG Hessen offers a Mikromezzaninprogramm with investments ranging from €5,000 to €100,000 (and up to €150,000 in exceptional cases). This program specifically targets businesses founded by unemployed individuals, women, people with migration backgrounds, and those with a focus on public welfare or ecological sustainability. MBG Hessen distinguishes itself through its long-term partnership approach, focus on regional SMEs in Hessen, and variety of specialized programs tailored to different business needs, including support for traditional crafts and micro-enterprises with social or environmental missions. Their silent partnership structure allows entrepreneurs to retain control of their business operations while receiving necessary capital and strategic support.

Early-stage, Growth-stage, Established businessesGrowthInnovation

MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg

DE

MBG Baden-Württemberg positions itself as an enabler for small and medium-sized enterprises (SMEs) in Baden-Württemberg, Germany. They offer both Mezzanine capital and Venture Capital to facilitate growth, founding of new companies, and succession planning. They emphasize their independence and competence in providing financial solutions, acting as a neutral and bank-independent partner. MBG aims to provide companies with financial leeway, strengthen their equity base, and improve their credit rating. They also facilitate connections between established companies and startups, promoting the exchange of ideas. Their investment approach seems geared towards supporting the long-term value creation of the companies they invest in, and also seem to rely on a strong network of connections to associations, chambers of commerce and consultants to support the companies.

Seed-Phase, Series A and beyondUnspecifiedbut likely broad given the focus on Mittelstand (SMEs)

MIG Fonds

München, DE
M

Based on the information available, MIG Capital's investment thesis revolves around "Aus Visionen Werte schaffen" (Creating value from visions). The firm aims to shape the companies of tomorrow by investing in innovative startups. The homepage highlights a substantial portfolio of companies across various sectors, demonstrating a commitment to backing promising ventures and driving their growth. Their exits suggest a patient capital approach, supporting companies through various stages and ultimately achieving successful outcomes. MIG appears to focus on companies with strong intellectual property and the potential for significant market impact. The firm's activity, implied by the number of portfolio companies with exit dates, suggests an interest in early-stage ventures, providing capital and support to nurture innovative concepts into successful businesses. The homepage showcases past exits, with some recent and some dating back several years. This implies a long-term investment horizon, where they remain invested until the companies realize their full potential through successful exits. The broad range of sectors within their portfolio suggests an ability to analyze and navigate diverse markets. The emphasis on creating value from visions suggests a proactive approach in identifying and nurturing promising startups. MIG Capital aims to be more than just a capital provider, but a partner that supports portfolio companies with strategic guidance and operational expertise to enhance their prospects for success. The firm's investment strategy is likely based on thorough due diligence, a strong understanding of market dynamics, and the ability to identify visionary founders with disruptive ideas. By fostering collaboration and providing resources, MIG Capital seeks to maximize the potential of its portfolio companies. The homepage communicates the firm's commitment to supporting entrepreneurs and actively contributing to their journey. Their focus seems to be on high-growth, technology-driven companies, particularly those with the potential for substantial innovation and market disruption. The fund's successful exits demonstrate its ability to generate attractive returns for its investors and validate its investment strategy.

SeedBiotechAI

MPC

Hamburg, DE
M

MPC Capital AG is a globally active investment manager and service provider focused on infrastructure projects, particularly in the maritime and energy sectors. They initiate and manage investment solutions for institutional investors, offering a comprehensive range of services, especially within the maritime industry. The firm emphasizes sustainability and innovation, aiming to contribute to global climate targets. Their investment strategy involves offering access to high-growth opportunities in dynamic markets, delivered through investment management and operational services, ensuring high-quality support for clients in their target sectors. MPC Capital has a long track record of real asset investments, exceeding EUR 20 billion across various asset classes and currently manages EUR 5.3 billion in AuM. They aim to be a leading partner for investors, seizing market opportunities and megatrends to deliver outstanding returns, while also optimizing for sustainability.

Not explicitly mentioned, but focuses on infrastructure projects which typically require significant capital, suggesting later stages like growth equity.Maritime InfrastructureEnergy Infrastructure

Moonfare

Berlin, DE

Moonfare operates a digital platform that provides access to private equity and alternative investments to a wider range of investors, including individuals and family offices, who typically lack access to such opportunities. They aim to democratize private equity investing by offering bite-sized investments in highly sought-after funds from top-tier managers, typically with lower minimums than traditional institutional channels. Their investment strategy focuses on providing curated exposure to private equity co-investments, secondaries, direct deals and portfolio funds, all rigorously selected and vetted by their experienced investment team. Moonfare seeks to generate strong returns for their investors through a diversified portfolio of private market opportunities, reducing volatility and designed for long-term wealth creation. Their offerings include direct funds, portfolio funds (buyout, growth equity, and venture), and co-investment opportunities. Portfolio funds enable investors to diversify across geographies, fund managers, and investment strategies with lower minimums. They also offer access to secondary markets for potentially faster liquidity. Moonfare emphasizes transparency, providing clear fee structures and comprehensive fund information to investors. They achieve scale through strategic partnerships, like the one with Fidelity International, which expands their reach to a broader client base. Moonfare also leverages its global network to source exclusive and proprietary investment products, offering opportunities not typically available to individual investors. They focus on building an engaged investor community, providing access to expert knowledge and facilitating investments that they believe will drive the world forward. Moonfare also emphasizes manager selection as the cycle progresses.

Early-stage, late-stage venture capital, growth equity, buyoutPrivate EquityGrowth Equity