How many outliers does a Venture Fund really need?
Early-stage venture returns are often described as a power law, where a relatively small number of investments can drive a significant share of overall performance. But translating that principle into actual portfolio construction is far more nuanced.
On Tuesday, September 8, 2026, Auptimate is bringing together fund managers, allocators, syndicate leads and investors in Singapore for an intimate breakfast discussion on how venture return profiles are built in practice.
Moderated by Olivier Too, Co-Founder and CEO of Auptimate, the conversation will move beyond headline return multiples to examine the decisions that shape fund outcomes. How should fund size influence ownership targets? How many outliers does a portfolio realistically need? How much capital should managers reserve for follow-ons? And at different stages of a fund’s life, what should investors actually expect from DPI and TVPI?
Joining the panel are Luuk Eliens, Managing Partner at ATUM Ventures, who builds and backs deep tech ventures from Singapore, and Rufus Sorsa, Associate Partner at Antler, who has helped back more than 250 startups across Southeast Asia since joining Antler in 2018. Additional panelists will be announced.
A practitioner conversation over breakfast
This is designed as a focused discussion for people who actively build, manage or evaluate private market portfolios, including angel investors, family offices, capital allocators and emerging fund managers.
Date: Tuesday, September 8, 2026
Location: Singapore, shared with confirmed attendees
Attendance is limited and curated, with priority given to fund managers, family offices and capital allocators in Singapore.
RSVP to join us and take part in the conversation on what actually drives venture fund returns.