Do SEA VCs really have a power law problem?
Fewer outsized exits have fuelled questions about the model. The real issue may be whether we’re judging the region too early. “SEA VCs don’t have power laws.” It is the kind of statement that gets a reaction in a room full of venture investors. But underneath the provocation sits a legitimate question. Venture capital is […]
3 ways family offices use SPVs and when each one works best
Family offices don’t use SPVs for every investment in the same way. The right structure depends on what you’re investing in, who’s participating, and whether you’re organising one deal or building a repeatable strategy. A single co-investment may call for a dedicated vehicle. A private credit strategy has different cash flow and distribution requirements. And […]
The $900M Robot is a sign of what’s coming
XPENG’s record robotics round points to a bigger shift: AI’s next chapter is moving into the physical world, and the capital requirements are getting bigger. For much of the AI boom, the product lived behind a screen. Chatbots, copilots, generative models and enterprise software captured most of the attention and investment. The next chapter increasingly […]
How do family offices actually use SPVs in practice?
The way a family office uses a Special Purpose Vehicle (SPV) often changes as its investment activity becomes more repeatable. A single co-investment may need its own vehicle, investor group and terms. But when the same investors start backing several private-market opportunities, rebuilding that process for every deal becomes less practical. That’s where a Multi-Asset […]