RAISE 2023 Global Summit: What Does the Applicant Data Say About Team Structure & Geographies? (Part 3)

By Ben Black, Akkadian Ventures 

In our first article in this series, we took a look at the data from the RAISE 2023 Global Summit's GP applicant pool and their financial metrics. In Part 2, we identified year-to-year shifts in investment focus among the applicants.

In this article, we’ll look at changes in team dynamics across funds, as well as geographies.

While team composition is roughly the same as last year, we are seeing an increase in the number of operator-led funds.  We also registered a slight downturn in applicants with a history of angel investment.

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Looking at the composition of firms, we observed a decrease in funds with a single partner, and a modest contraction in those comprising two to three partners. In contrast, we noted a remarkable increase in funds with more than four partners. The data suggests that funds are strategically expanding their partnership rosters to navigate the evolving landscape.

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We also took a look at our fund applicant geographies. This year, we saw an increase in East Coast applicants and fewer international applications.

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This year has presented us with intriguing shifts in the landscape of funds, but we’re not done yet. Watch for Part 4 of the data series where we’ll look at an analysis of diversity within our applicant base.

We invite our LPs to join us at RAISE to meet these remarkable new managers. Ready to embark on your own unicorn hunt at the 2023 RAISE Global Summit?

Click here to request an invitation.

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