Brian Singerman and Lee Linden are launching GPx with a target of over $500 million, with significant backing from Peter Thiel. GPx's unique approach involves a two-pronged strategy; 20% will be directed to funds managed by emerging VCs focusing on pre-seed and seed-stage startups, while the rest will facilitate partnerships with emerging managers for later-stage investments. This method resembles a fund-of-funds model, allowing investments across other funds instead of directly in startups, despite the downside of additional fees for limited partners. The fund aims to appeal to limited partners amidst a shifting landscape in venture capital.
GPx adopts a two-pronged strategy, investing approximately 20% of its capital into funds managed by emerging VCs targeting pre-seed and seed-stage startups, with the remaining capital partnering with emerging managers for later-stage investments.
The fund-of-funds model presents a less common investment strategy for GPx, allowing them to invest in a portfolio of funds rather than directly in startups, despite the drawback of dual-layer fees.
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