Sandy Miller, a general partner at the firm, was talking about trends in the 2019 late-stage and IPO market, and noted that this year brought a diverse set of companies making exits and private equity firms investing less like they traditionally used to.
But over the past few years, we’ve seen more private equity firms as the lead investor in venture capital funding rounds.
Looking over the past decade, the number of VC rounds for U.S.-based companies that were led by private equity firms has more than quadrupled.
In 2009, 105 VC rounds for American companies were led by investment firms tagged “private equity” in the Crunchbase dataset, compared to 470 rounds so far this year.
The number of VC rounds in the U.S. led by private equity firms has been steadily increasing over the past 10 years, and it’s a trend that also applies to VC rounds worldwide, according to Crunchbase.
We started with the set of investors which are tagged as “private equity funds” and identified the rounds each of these firms led.