Sovereign funds pile into venture capital investments in 2020

Financial Post | Jun 29, 2020 at 6:22 PM
  • Sovereign wealth funds have participated in $17 billion of venture capital deals so far this year, already more than the entirety of 2019, as their appetite for long-term investment appears undimmed by the coronavirus outbreak.
  • With the economic fallout of the pandemic having dented valuations and pushed up debt funding costs for start-ups, analysts are waiting to see how that will impact sovereign funds’ continued participation in venture capital investing.
  • Singapore’s Temasek Holdings participated in a $3 billion investment in Chinese live-video streaming firm Kuaishou alongside Tencent Industry Win-Win Fund and several other investors.