DeFi Daily News
Thursday, October 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

Fidelity Investments successfully closes $250 million venture capital fund

Julie Muhn (@julieschicktanz) by Julie Muhn (@julieschicktanz)
October 3, 2024
in DeFi
0 0
0
Fidelity Investments successfully closes 0 million venture capital fund
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

Fidelity Investments recently closed its Venture Capital Fund I LP, or what it is calling Fund I. The $250 million fund– which received support from investors including high net-worth individuals, family offices, and registered investment advisers– held its final closing on September 30.

Fidelity has been investing in private companies for over 15 years, having backed Twilio, Stripe, and even SpaceX. During its decade-and-a-half of investing, Fidelity has deployed over $28 billion across 600 investments in 350 private companies. Historically, the firm has focused on high-growth category disruptors, leveraging its mutual funds to back private companies with notable competitive advantages.

Fidelity Investments Portfolio Manager and Global Head of Private Equity Karin Fronczke emphasized how the launch of the new fund strengthens Fidelity’s already robust track record of investing in private companies. “The success of this fundraise speaks to Fidelity’s legacy investing in private companies. We are grateful for the support from the fund’s limited partners,” she said.

The firm’s introduction of Fund I, however, marks a significant departure from its traditional approach, carving out a more defined venture capital strategy. With Fund I, Fidelity has a dedicated vehicle for direct minority investments and will target mid-to-late stage companies in the technology, media, and telecommunications sectors.

Additionally, the new fund will help Fidelity meet the growing demand from high net-worth individuals, family offices, and registered investment advisers who want more diversification in private market investments. Fidelity’s Fund I is a notable shift towards a specialized venture capital structure that can cater to investors seeking access to high-growth private companies and diversification beyond traditional public markets.

Fund I is already in motion, having invested $31 million in 10 companies spanning industries including aerospace, defense, artificial intelligence, and e-commerce.

Fidelity, which already manages 50 alternative funds, recently launched liquid alternatives ETFs and mutual funds. The firm currently counts $27.8 billion in assets under management in alternatives and $80 billion in alternative investment assets under administration.

This announcement comes at an interesting time for the fintech venture capital funding environment, which is experiencing a notable drought. As Finovate Research Analyst David Penn noted on the blog earlier this week, “According to market intelligence platform Tracxn, funding for U.S.-based tech companies in Q3 of this year fell, both in comparison to the previous quarter as well as when compared to Q3 2023. Tracxn also reported that the number of tech unicorns actually increased this year compared to last year, with 13 new unicorns acknowledged in Q3 2024 compared to just five in Q3 2023.”

However, Fidelity’s optimism in launching a new fund may signal a turning point in the fintech funding landscape. This shift could push more traditional asset managers to create similar venture capital funds, pushing more capital into later-stage fintech firms, a group which has been ignored by investors over the past few years.

Photo by Tima Miroshnichenko

Views: 141

Related

As Fidelity Investments embarks on this new venture with its Venture Capital Fund I, it signifies a crucial shift in its investment strategy towards a more specialized approach in catering to high-net-worth individuals, family offices, and registered investment advisers. The $250 million fund aims to target mid-to-late stage companies in the technology, media, and telecommunications sectors, diversifying its portfolio and providing investors with access to high-growth private companies.

This innovative move by Fidelity comes at a time when the fintech venture capital funding landscape is experiencing challenges, but it could potentially pave the way for more traditional asset managers to follow suit and invest in later-stage fintech firms. With an already impressive track record in private market investing, Fidelity is poised to make a significant impact in the venture capital space with its new fund.

For more trending news articles like this, visit DeFi Daily News.





Source link

Tags: CapitalClosesfidelityFundInvestmentsMillionSuccessfullyVenture
ShareTweetShare
Previous Post

Investors have opportunities that Buffett cannot capitalize on

Next Post

Trump’s Indifference Toward Bitcoin: Insights and Implications

Next Post
Trump’s Indifference Toward Bitcoin: Insights and Implications

Trump's Indifference Toward Bitcoin: Insights and Implications

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
TopStep Discount Code

TopStep Discount Code

September 17, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

May 1, 2025
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
rewrite this title Creamy Chicken Gravy and Rice ( Family Dinner Idea)

rewrite this title Creamy Chicken Gravy and Rice ($10 Family Dinner Idea)

October 2, 2025
rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025
rewrite this title Crypto Mining Clashes With Farming in Abu Dhabi: Fines and Suspensions Follow

rewrite this title Crypto Mining Clashes With Farming in Abu Dhabi: Fines and Suspensions Follow

October 2, 2025
rewrite this title This Mysterious European Chip Could Dethrone Nvidia!

rewrite this title This Mysterious European Chip Could Dethrone Nvidia!

October 2, 2025
rewrite this title The best Kindles you can buy in 2025

rewrite this title The best Kindles you can buy in 2025

October 2, 2025
rewrite this title Paul Merson’s warning for Man Utd over Crystal Palace boss Oliver Glasner: ‘He’s not the right fit for United’

rewrite this title Paul Merson’s warning for Man Utd over Crystal Palace boss Oliver Glasner: ‘He’s not the right fit for United’

October 2, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.