Accolade Venture II
About
Accolade is the #1 ranked growth VC/PE fund of fund globally according to Preqin and is Cambridge Associates leading VC & Growth PE FoF manager with ~25-year track record and over US$6bn FUM.
People
The team of 17 investment professionals covers a broad range of background and experiences ranging from consulting, investment banking, medical professionals and legal. There has been no turn-over at the Partner level since inception over 20 years ago.
Investment Objective
Accolade Venture II will very concentrated and invest in ~6 best-in-class venture managers across seed to expansion stage businesses with a US focus, including three of the leading, oversubscribed venture managers with ~75% expected to be into Andreessen Horowitz, Accel & Kleiner Perkins. Target IRR of 3x-7x plus. Only ~75% of capital needed by investors given early exits. NO MANAGEMENT FEE with Performance Fee of 10% once investors achieve 1.5x DPI & 15% once investors achieve 2.5x DPI.
