portfolio construction & fund selection
We choose our partnerships with venture capital funds carefully and systematically
Our success in selecting funds that consistently outperform has been driven by our broad view of the investment universe, the diversity of our experience, our long-standing relationships with fund managers, and reputation as thought leaders within early-stage venture investing.
Because of our long history of venture investing, our relationships with key industry players have been nurtured over many years. Spur takes an active role in the partnership process and provides fund managers with constructive feedback, and connections to prospective team members, partners, and entrepreneurs.
Spur typically commits funds to venture capital partnerships over a three to four year period. The underlying partnerships typically make new investments over a three to five year time frame. This provides our limited partners with significant time diversification.
Vintage diversification is a key factor in mitigating risk. We have found that investing over a roughly three-year period enables us to build a portfolio that includes the venture capital partnerships we have targeted for investment, corresponding generally to the cycle over which venture capital funds are typically raised.
Selectively, the team will pursue secondary interests in targeted venture capital partnerships and may invest alongside, and in support of, established venture relationships in direct private equity transactions.
