Horsley Bridge Partners
NotableThe venture fund-of-funds whose data defined the power law.
Funds-of-FundsFirmGlobal — offices in San Francisco, London and Beijing
Target market
Early-stage venture managers in the U.S., Europe and China
Typical check
Meaningful anchor-scale primary commitments
Geography
Global — offices in San Francisco, London and Beijing
Overview
Horsley Bridge Partners has been building concentrated portfolios of venture funds since 1983 and is arguably the most respected pure venture fund-of-funds in existence. Its decades of fund-level return data underpin the most-cited power-law analyses in the industry. Horsley Bridge backs early-stage managers with focused primary commitments and holds relationships for decades — a commitment from them is one of the strongest quality signals in a fundraise. Access is competitive; they diligence deeply and back few new names each year.
Key facts
- Founded in 1983; among the first dedicated venture fund-of-funds
- Its portfolio data underpins the industry's best-known power-law analyses
- Runs concentrated portfolios and holds managers for decades
- A Horsley Bridge commitment is a top-tier signal to other LPs