Sidecars 101: Why Venture Funds Are Investing on the Side
Episode Summary
Sidecars have gone mainstream. Once something mostly associated with larger venture funds, they’re now increasingly common in Australia, with emerging managers using them alongside their first funds and sophisticated LPs increasingly expecting access to them.
But what exactly is a sidecar, and why would you use one instead of simply investing directly?
In this episode of First Track, Cheryl and Maxine break down sidecars from the ground up: how they differ from co-investments, why LPs use them to double down on companies they’re excited about, and how lower fees and carry can…
The skinny
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