Tracking SoftBank Vision Fund's performance

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The Daily Pitch: VC

May 13, 2022

Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A

In today's Daily Pitch, you'll find:

Our analyst note on real estate investing breaks down the sector by industry dynamics, economic drivers, terminology and more.

Our SoftBank Vision Fund Dashboard tracks the portfolio's performance, investments and other metrics.

Test your private markets knowledge with this week's PitchBook News Quiz.

Today's Top Stories

Tracking the SoftBank Vision Fund portfolio's performance

(NurPhoto/Getty Images)

SoftBank will slow new investments from its Vision Fund portfolio and retain cash as its tech holdings plummet in value.

The portfolio is more important than ever to SoftBank: The segment accounts for nearly half of the firm's holdings following a years-long reallocation that has reduced its Alibaba stock.

In a new dashboard, we're tracking the Vision Fund portfolio's performance, investments and other metrics.

see the dashboard

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Analyzing real estate investing strategies, economic drivers and more

Real estate attracts increased attention from private markets investors during periods of inflation, and this recent bout has been no different.

Terminology, industry dynamics, investment strategies and other factors may appear opaque or difficult to tie together for investors looking to move into the real estate space, and many are still attempting to glean the finer points of how to approach the asset class. Meanwhile, for those pursuing real estate investments for their inflation-hedging abilities, a second look may be merited.

Our analyst note on the space provides a clear and comprehensive picture of private markets real estate investing strategies, sectors and economic drivers.

read it now

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A message from Allvue Systems

Tear sheet templates for private equity managers

Keeping all stakeholders—both internal and external—in the loop with clean data snapshots is a key challenge for many private equity managers.

Now you can get a solid foundation for the one-off, high-level reporting of investment data with sample guidance from Allvue in a new Tear Sheet Template Kit designed specifically for private equity managers.

This PDF kit includes both a fund-level tear sheet and a portfolio company-level tear sheet that you and your team can use as templates to update investors, prospects, and internal team members quickly and easily on essential metrics.

Access the kit here

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PitchBook News Quiz

(Julia Midkiff/PitchBook News)

Did you follow the private markets news this week? Take the PitchBook News Quiz to see how you stack up.

This week: Jared Kushner puts Saudi money to work, SoftBank has a new vision and a stablecoin destabilizes crypto markets.

take the quiz

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Mapping Africa's growing venture capital landscape

(Adam Gault/Getty Images)

The rise in demand for fintech innovation and influx of foreign investors have helped Africa continue last year's blistering pace of VC dealmaking.

Kenya and Egypt are leading the pack, recording more than 52% of the total capital raised by African startups so far this year. What are some other trends in the continent? Here's a closer look at the latest data amassed by PitchBook, depicting how the momentum has carried over into 2022.

Recommended Reads

Scientists have grown plants in lunar soil for the first time, but it's still unlikely we'll be farming on the moon anytime soon. [Gizmodo]

Advertising has won the war against Netflix and other streaming platforms. Do consumers even care? [Fast Company]

A surprise federal appeals court decision is causing social media's legal foundation to crumble in Texas. What happens next? [Protocol]

Since yesterday, the PitchBook Platform added:

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Funds

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Quick Takes


	The Daily Benchmark
	2014 Vintage Global Real Estate Funds
	VC Deals
	6K secures $102M Series D for battery material production
	Eridan lands $46M
	Solidus Labs snags $45M for trade surveillance tech
	Tiger Global leads $42M round for Komodor
	Mathison raises $25M for equitable hiring
	Fertility startup Legacy secures $25M
	StackHawk picks up $20.7M
	LandGate bags $10M
	Exits & IPOs
	Instacart confidentially files for IPO
	Fundraising
	Elsewhere Partners wraps up $175M Fund II

The Daily Benchmark

2014 Vintage Global Real Estate Funds

Median IRR

11.26%

Top Quartile IRR

14.71%

1.42x

Median TVPI

Select top performers

L-A Saturn Acquisition

Exeter Industrial Value Fund III

Activum SG Real Estate Fund III

*IRR: net of fees

61 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

VC Deals

6K secures $102M Series D for battery material production

6K has raised $102 million in a round led by Koch Strategic Platforms. The company is the developer of a microwave plasma production system that creates materials for lithium-ion batteries and products related to additive manufacturing, renewable energy, aerospace, consumer electronics and more.

View round

View 5 competitors »

Eridan lands $46M

Eridan has raised $46 million in a round co-led by Capricorn's Technology Impact Fund and Monta Vista Capital. The Mountain View, Calif.-based company is a developer of wireless connectivity infrastructure.

View details

View 4 competitors »

Solidus Labs snags $45M for trade surveillance tech

Solidus Labs has raised a $45 million Series B led by Liberty City Ventures. The New York-based company offers trade surveillance, transaction monitoring and threat intelligence services for the crypto and decentralized finance space.

View round

View 47 competitors »

Tiger Global leads $42M round for Komodor

Komodor, the creator of an automated troubleshooting platform for open-source system Kubernetes, has raised a $42 million Series B led by Tiger Global. The company has now raised $67 million in total backing.

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Mathison raises $25M for equitable hiring

Mathison has raised a $25 million Series A led by F-Prime Capital. The company's hiring and retention platform helps employers measure diversity, equity and inclusion, source underrepresented candidates and reduce bias in the hiring process.

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View similar company »

Fertility startup Legacy secures $25M

Legacy has raised a $25 million Series B led by Bain Capital Ventures. Founded in 2018, the Boston-based fertility company offers at-home sperm testing kits as well as sperm analysis, DNA fragmentation and cryopreservation for the samples.

View round

View similar company »

StackHawk picks up $20.7M

StackHawk has raised a $20.7 million Series B co-led by Sapphire Ventures and Costanoa Ventures. The Denver-based company offers an application security testing platform.

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View 59 competitors »

LandGate bags $10M

Clean energy company NextEra Energy Resources has led a $10 million Series B for LandGate. Based in Denver, LandGate offers an online marketplace for US commercial land and resources including solar, wind, minerals, water and carbon offsets.

View round

View similar company »

Exits & IPOs

Instacart confidentially files for IPO

Grocery delivery provider Instacart has confidentially filed for an initial public offering with the SEC. The company was valued at $39 million in March 2021 after raising $265 million from investors including Andreessen Horowitz, Sequoia and D1 Capital Partners.

View details

View 12 competitors »

Fundraising

Elsewhere Partners wraps up $175M Fund II

Elsewhere Partners has closed its second fund on $175 million. The growth-stage VC firm invests in business software companies located outside of traditional venture capital hubs.

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View 15 investments »