Sapphire Partners
Early-stage fund LP and the voice behind OpenLP.
Funds-of-FundsFirmUnited States, Europe and Israel
Target market
Early-stage venture funds in the U.S., Europe and Israel
Typical check
Institutional commitments into early-stage funds
Geography
United States, Europe and Israel
Overview
Sapphire Partners is the LP business of Sapphire, investing in early-stage venture funds across the U.S., Europe and Israel. It is one of the most transparent LPs in the market — its team created and champions the OpenLP initiative, publishing candid content on how LPs actually evaluate managers — and in 2023 it took over management of CalSTRS' long-running emerging and next-generation venture manager portfolios. For GPs, Sapphire offers institutional capital that genuinely engages with newer franchises, and tells you how it thinks before you pitch.
Key facts
- The LP investing business of the Sapphire platform
- Created and champions the OpenLP transparency initiative
- Manages CalSTRS' emerging and next-generation venture manager portfolios since 2023
- Publishes extensively on how LPs underwrite venture managers