Peakview Capital is a Menlo Park-based venture capital investment management firm that invests in high-performing venture capital firms and fast-growing technology startups.
Unlike most funds of funds, Peakview’s principals have extensive, direct venture capital investing experience.
Since its inception in 2015, Peakview has raised four investment vehicles and currently manages more than $260 million in assets and is an SEC registered investment advisor.
Peakview Capital has recently closed its fourth fund with $150 million in capital commitments, with none from China.
The eight-year-old firm was once solely backed by a Chinese firm, but it has been able to attract new investors, thanks to its strong track record.
Peakview’s Managing Partner, Erik Lassila, has more than 20 years of venture capital experience and industry knowledge, which gives him an insider’s view of the ingredients that make venture firms succeed.
Top Private Equity Fund of Funds
Key Takeaways
- Peakview Capital is a Menlo Park-based venture capital investment management firm that invests in high-performing venture capital firms and fast-growing technology startups.
- The firm has recently closed its fourth fund with $150 million in capital commitments, with none from China.
- Peakview’s Managing Partner, Erik Lassila, has more than 20 years of venture capital experience and industry knowledge.
Peakview Capital: The Fund of Funds
Peakview Capital is a venture capital investment management firm based in Menlo Park, California. The firm primarily invests in high-performing venture capital firms and directly in fast-growing technology startups.
Peakview Capital’s investment strategy is designed to achieve long-term capital appreciation through diversified investments in early-stage companies.
Investment Strategy
Peakview Capital’s investment strategy is to focus on early-stage companies with innovative technologies and strong growth potential.
The firm invests in a variety of sectors, including artificial intelligence, fintech, healthcare, and consumer technology. Peakview Capital’s team of experienced investment professionals carefully screens potential investments to ensure that they meet the firm’s rigorous investment criteria.
Peakview Capital invests in two types of funds: primary funds and secondary funds. Primary funds are funds that invest directly in early-stage companies, while secondary funds invest in existing venture capital funds.
By investing in secondary funds, Peakview Capital gains access to a broader range of early-stage companies and can diversify its portfolio more effectively.
Performance and Returns
Peakview Capital’s investment philosophy has delivered strong performance and returns. According to PitchBook, Peakview Capital Fund III, managed by Peakview Capital, has an internal rate of return (IRR) of 21.7% as of Q1 2023.
The fund has also achieved a total value to paid-in (TVPI) multiple of 1.53x. Peakview Capital Fund IV, another fund managed by Peakview Capital, has achieved an IRR of 17.2% as of Q1 2023 and a TVPI multiple of 1.37x.
Peakview Capital’s strong performance is due to its experienced investment team, diversified investment strategy, and rigorous investment criteria.
By investing in a mix of primary and secondary funds, Peakview Capital can access a broader range of early-stage companies and diversify its portfolio more effectively. This approach has allowed Peakview Capital to generate strong returns for its investors while mitigating risk.
The Future of Peakview Capital
Peakview Capital has been making a name for itself in the venture capital industry, investing in high-performing venture capital firms and directly in fast-growing technology startups.
With its fourth fund closing at $150 million in capital commitments, Peakview Capital is poised to continue its successful track record.
Looking ahead, Peakview Capital is expected to focus on investing in emerging technologies such as artificial intelligence, blockchain, and robotics.
These technologies are expected to revolutionize the world in the coming years, and Peakview Capital is excited to be at the forefront of these developments.
In addition to investing in emerging technologies, Peakview Capital is committed to diversity and inclusion. The firm recognizes the importance of diversity in the workplace and is dedicated to supporting female and minority entrepreneurs.
Peakview Capital’s commitment to diversity and inclusion is not only the right thing to do, but it also makes good business sense. Studies have shown that diverse teams are more innovative and perform better than homogeneous teams.
Overall, the future looks bright for Peakview Capital.
With its focus on emerging technologies and commitment to diversity and inclusion, the firm is well-positioned to continue its successful track record and make a significant impact in the venture capital industry.
Frequently Asked Questions
What is the fund of funds strategy used by Peakview Capital?
Peakview Capital’s fund of funds strategy involves investing in other venture capital funds that focus on technology startups.
This allows investors to gain exposure to a diverse range of startups across different industries and geographies. The fund of funds approach also allows for greater risk management, as investments are spread across multiple funds.
What are some of the investment partners of Peakview Capital?
Peakview Capital has invested in many of the top venture capital firms in the United States, including Andreessen Horowitz, Sequoia Capital, and Kleiner Perkins. The firm also invests in early-stage startups directly.
What is the performance track record of Peakview Capital’s fund of funds?
Peakview Capital’s fund of funds has a strong track record of performance. The firm has consistently delivered returns that outperform the broader market and other investment strategies.
How does Peakview Capital’s fund of funds differ from other investment strategies?
Peakview Capital’s fund of funds strategy differs from other investment strategies in that it provides exposure to a diverse range of startups through investments in multiple venture capital funds. This approach allows for greater risk management and diversification than investing in individual startups directly.
What is the role of Cross Creek Capital in Peakview Capital’s fund of funds?
Cross Creek Capital, a subsidiary of venture capital firm Wasatch Advisors, is a strategic investor in Peakview Capital’s fund of funds. Cross Creek Capital provides additional capital and expertise to help identify and evaluate potential investments.
What are the benefits of investing in a fund of funds, such as Peakview Capital’s?
Investing in a fund of funds such as Peakview Capital’s provides exposure to a diverse range of startups across different industries and geographies. This approach allows for greater risk management and diversification than investing in individual startups directly. Additionally, investing in a fund of funds provides access to the expertise of experienced venture capital firms and investors.
