AI-driven exit activity has created a historically strong backdrop for venture capital, but returns remain highly concentrated — in a small number of outlier investments and top-performing managers. This Brief examines why scale, timing, and manager selection are what actually drive venture outperformance.
The big takeaway
Signs Point to Strong Tailwinds for Venture Capital, Driven by AI
Today’s Venture Landscape: Quasi-Public vs. Real Venture
VCs Need Outliers to Offset the Investments That Don’t Make it
Case Study: Even with Massive Growth, Early Still Wins
Manager Selection is Key as Top Quartile Funds Significantly Outperform
What to watch from here
Index Definitions
Important Information
Explore More
IMPORTANT INFORMATION
iCapital and its affiliates provide various services through a number of affiliated entities – please refer to Certain iCapital Entities for a full list of entities. iCapital entities are collectively referred to as “iCapital”, and they all are affiliated with iCapital, Inc. and Institutional Capital Network, Inc. Among these affiliates, iCapital Markets LLC (“iCapital Markets”), an SEC-registered broker-dealer, member FINRA and SIPC, offers securities products and services. The registrations and memberships listed in Certain iCapital Entities in no way imply that the SEC, FINRA, or SIPC have endorsed any of the entities, products, or services provided by iCapital. Additional information is available upon request.
This website is for informational purposes only. This website is the property of iCapital and may not be shared, reproduced in any form, or referred to in any other publication, without express written permission of iCapital.
This website and any information included on it are not intended, and may not be relied on in any manner, as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security. Financial products, including investment funds and structured investments, are complex and may be speculative and are not suitable for all investors. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This website and the information contained on it is not intended to, and does not, address the financial objectives, situation or specific needs of any specific investor.
iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc.
