Spur, a fund of funds, targets $200M to bet on early-stage VC in a downturn
https://techcrunch.com/2022/08/02/spur-fund-of-funds-targets-200m-early-stage-vc-downturn/
Spur Capital Partners, an investor in venture capital funds, is out to raise $200 million for its seventh core fund. So far, it has secured nearly $74 million to bet on early-stage VCs, per a securities filing.
Who or what is Spur betting on, exactly? Over the years, the investor claims it has indirectly backed dozens of high-flying tech and life science firms at the early stage, including hostelier Airbnb and weapons maker Anduril. But Spur did not respond when asked for the names of the VC firms in its portfolio.