Benchmark is raising $170M for it’s latest partners-only fund

Quick Summary:

It is, for instance, an equal partnership firm, which means each partner shares an equal percentage of the outfit’s management fees and profits.

A separate fund allows them to do so in a way that doesn’t involve managing limited partner’s money.

TechCrunch understands that $170 million is expected to come primarily from the firm’s partners, past and present, with some availability for their friends and family to join too.

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Article Details

Author / Journalist: Marina Temkin, Julie Bort

Category: Technology

Markets: United States

Topics: Venture Benchmark Partners

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 18:29:48 (4 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 23163821

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