Raising a first or second fund is one of the hardest challenges in venture capital. This interactive directory ranks 61 institutional LPs by their relevance and accessibility to emerging managers — covering pension funds, university endowments, fund of funds, family offices, and sovereign wealth funds. Each LP is scored on historical allocation patterns, minimum commitment sizes, and openness to sub-$100M funds. Use the filters to narrow by tier, category, and verification status to build your ideal target list.
5 categories of institutional allocators are tracked: pension funds, university endowments, fund of funds, family offices, and sovereign wealth funds. Each LP is ranked by relevance to emerging VC managers with fund sizes under $100M.
61 LPs are scored across multiple dimensions including historical allocation to emerging managers, minimum check size, geographic preferences, and sector focus. Tier 1 LPs have allocated to 10+ first-time funds in the last 3 years.
$15M is the median commitment size from institutional LPs to emerging managers in 2026. Pension funds average $25M per commitment while family offices typically write $5M-$10M checks into sub-$100M venture funds.
The directory is updated quarterly with new allocation data, verification status changes, and LP program updates. 2026 data reflects the latest fundraising cycle through Q2, covering 61 active institutional allocators.
Fund of funds represent 35% of the directory and are the most active allocators to emerging managers. University endowments follow at 22%, with pension funds making up 18% of tracked LPs. Family offices account for 15% but often move fastest in due diligence.