As Nvidia soars, its venture arm keeps quietly mining for gold
Plus: PE managers rely on partial exits, and please, share your thoughts in our 2024 Sustainable Investment Survey
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Nvidia is one of the biggest winners of the AI frenzy. Its GPUs have become the hottest commodity in tech thanks to their ability to breeze through the intensive computing workloads that AI demands.
Last week the chipmaker briefly eclipsed Microsoft and Apple to become the world’s most valuable company, increasing its market capitalization from around $1 trillion at the start of the year to more than $3 trillion.
But for the head of NVentures, the company's venture investing arm, it's business as usual, PitchBook's Jacob Robbins writes.
Sid Siddeek sat down with PitchBook on the day Nvidia reached its latest milestone to speak about the firm's strategy, managing ballooning deal flow, and how the NVentures team approaches AI investments.
GPs turn to partial exits in quest for liquidity
In recent weeks, some PE managers have added partial exits to their toolbelts as they work to generate liquidity and return capital to their investors while keeping some skin in the game, PitchBook's Janelle Bradley reports.
The structure of a partial exit may vary, but the objective remains the same: balance the responsibility of distributing capital to investors while still maximizing portfolio company valuations.
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