Sofina Private Funds - Investments in venture and growth capital funds

Sofina Private Funds - Investments in venture and growth capital funds

Sofina Private Funds - Investments in venture and growth capital funds


Mainly venture and growth capital funds

Long-term partner across cycles

47% of the portfolio in transparency (1)

Equity commitment between EUR 5 million and EUR 50 million

Taking account of Environmental, Social and Governance criteria in our investment decisions

~80 core General Partners

Active in the US, Asia and Europe

First investments in 1978

(1) Based on the fair value of the Sofina group’s investments at 31 December 2023 (portfolio in transparency).

Activity description

With over 45 years of experience investing in Private Funds, Sofina is an established institutional Limited Partner with a global network of top tier General Partners 


Sofina invests in Private Funds since 1978, with a particular focus on venture capital and growth capital. We have built strong partnerships with our core managers over decades, supporting them across fundraising cycles and new strategies. This allowed us to grow alongside them and be part of the unique development of the venture capital and growth asset classes.

Our strategy relies on building long-term partnerships with top tier General Partners. Sofina Direct and Sofina Private Funds are mutually additive to compound knowledge and networks in the growth and innovation ecosystems across focus sectors and geographies. Alongside our stable and platform-wide commitments to trusted managers, our ability to co-invest with them has also been a lever of value creation. It allows us to support the General Partners’ portfolio companies in later financing rounds while getting access to high quality direct investment opportunities. We further add value thanks to our global network from which we make introductions to General Partners and portfolio companies.

Our Private Funds investments are diversified by geography (US, Europe, Asia), by sector (generalists and sector specialists), by strategy (early-stage venture capital, late-stage venture capital and growth equity) and we strive to have a consistent commitment pace across fund vintages.

ESG is at the core of our investment philosophy and a key part of our selection process, assessing General Partners’ track record in terms of internal operations, investment focus, and impact on portfolio companies and communities.

Selected GPs based in the US or with global footprint:

  • Accel
  • Andreessen Horowitz
  • Arch Venture Partners
  • Base 10
  • Battery
  • Bessemer
  • DST
  • Founders Fund
  • Francisco Partners
  • General Atlantic
  • General Catalyst
  • Iconiq
  • Insight
  • IVP
  • Kleiner Perkins
  • Lightspeed (US, India & China)
  • Orbimed
  • Polychain
  • Redpoint (US & China)
  • Ribbit
  • Sequoia (US, India & China)
  • Spectrum
  • Summit
  • TA Associates
  • Thoma Bravo
  • Thrive
  • Venrock

Selected GPs based in Asia:

  • ChrysCapital
  • Crescent Point
  • Genesis
  • GGV
  • Kedaara
  • Loyal Valley Capital
  • LYFE
  • Matrix (India & China)
  • Multiples
  • Qiming
  • Source Code
  • Trustbridge


Selected GPs based in Europe:

  • Alven
  • Atlantic Labs
  • Atomico
  • Balderton
  • Blossom
  • Dawn
  • Felix
  • Hoxton
  • Local Globe
  • Mérieux
  • Moonfire
  • Northzone
  • Point9
  • Singular
  • Sofindev
  • Stride
  • Visionaries Club