Late Stage Investing

- Investments made in mature private companies with proven business models, typically close to an IPO or acquisition.

Scenario:

A sovereign wealth fund allocates $500 million to late-stage venture funds targeting pre-IPO tech companies.

Why This Matters:

Lower risk, faster liquidity, access to mature high-growth companies, potential for outsized returns.

The Process:

The fund selects managers with strong networks, evaluates pipeline companies, and negotiates terms for preferred shares.