// SECTOR INVESTOR DOSSIER

Investors in Lending

128 investors with active positions in Lending unicorns — combined exposure across this sector $619B in paper valuation.

Note: combined paper valuation reflects overlapping investor positions — individual investors hold stakes in the same companies.

Goldman Sachs
INVESTMENT BANK
4 companies in sector · $22.4B
↑ 31% PORTFOLIO STRENGTH↓ 44% PORTFOLIO RISK
Morgan Stanley
INVESTMENT BANK
3 companies in sector · $20.4B
↑ 41% PORTFOLIO STRENGTH↓ 51% PORTFOLIO RISK
Wellington Management
VC FUND
3 companies in sector · $15.3B
↑ 29.4% PORTFOLIO STRENGTH↓ 47.1% PORTFOLIO RISK
Spark Capital
VC FUND
2 companies in sector · $16.1B
↑ 14% PORTFOLIO STRENGTH↓ 42% PORTFOLIO RISK
Khosla Ventures
VC FUND
2 companies in sector · $16.1B
↑ 22% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Ribbit Capital
VC FUND
2 companies in sector · $9.1B
↑ 19% PORTFOLIO STRENGTH↓ 23% PORTFOLIO RISK
Institutional Venture Partners
VC FUND
2 companies in sector · $7.9B
↑ 26.7% PORTFOLIO STRENGTH↓ 53.3% PORTFOLIO RISK
Third Point Ventures
VC FUND
2 companies in sector · $7.9B
↑ 28.6% PORTFOLIO STRENGTH↓ 42.9% PORTFOLIO RISK
DST Global
VC FUND
2 companies in sector · $7.8B
↑ 25% PORTFOLIO STRENGTH↓ 30% PORTFOLIO RISK
Tiger Global Management
VC FUND
2 companies in sector · $4.8B
↑ 16% PORTFOLIO STRENGTH↓ 26% PORTFOLIO RISK
Credit Suisse
INVESTMENT BANK
2 companies in sector · $3.4B
↑ 26% PORTFOLIO STRENGTH↓ 68% PORTFOLIO RISK
Victory Park Capital
VC FUND
2 companies in sector · $3.3B
↑ 0% PORTFOLIO STRENGTH↓ 75% PORTFOLIO RISK
IFC
VC FUND
2 companies in sector · $3.1B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
SoftBank Latin America Fund
VC FUND
2 companies in sector · $3.1B
↑ 8.3% PORTFOLIO STRENGTH↓ 8.3% PORTFOLIO RISK
Quona Capital
VC FUND
2 companies in sector · $3.1B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
General Catalyst
VC FUND
2 companies in sector · $2.6B
↑ 16% PORTFOLIO STRENGTH↓ 21% PORTFOLIO RISK
Allen & Company
VC FUND
1 company in sector · $15B
↑ 68% PORTFOLIO STRENGTH↓ 27% PORTFOLIO RISK
Founders Fund
VC FUND
1 company in sector · $15B
↑ 15% PORTFOLIO STRENGTH↓ 28% PORTFOLIO RISK
Baillie Gifford
VC FUND
1 company in sector · $15B
↑ 17% PORTFOLIO STRENGTH↓ 14% PORTFOLIO RISK
Lightspeed Venture Partners
VC FUND
1 company in sector · $15B
↑ 11% PORTFOLIO STRENGTH↓ 20% PORTFOLIO RISK
Andreessen Horowitz
VC FUND
1 company in sector · $15B
↑ 19% PORTFOLIO STRENGTH↓ 28% PORTFOLIO RISK
Thrive Capital
VC FUND
1 company in sector · $15B
↑ 20% PORTFOLIO STRENGTH↓ 16% PORTFOLIO RISK
Durable Capital Partners
VC FUND
1 company in sector · $15B
↑ 45.5% PORTFOLIO STRENGTH↓ 9.1% PORTFOLIO RISK
GIC Private Limited
VC FUND
1 company in sector · $15B
↑ 11.1% PORTFOLIO STRENGTH↓ 44.4% PORTFOLIO RISK
Yuri Milner
VC FUND
1 company in sector · $15B
Palantir Technologies
VC FUND
1 company in sector · $15B
Jefferies Group
VC FUND
1 company in sector · $15B
CapitalG
CORPORATE
1 company in sector · $12B
↑ 37.5% PORTFOLIO STRENGTH↓ 12.5% PORTFOLIO RISK
Sixth Street
VC FUND
1 company in sector · $12B
Greenbacker Capital
VC FUND
1 company in sector · $12B
GSV Ventures
VC FUND
1 company in sector · $12B
↑ 66.7% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Fifth Wall Ventures
VC FUND
1 company in sector · $12B
Vy Capital
VC FUND
1 company in sector · $6.3B
↑ 25% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Coatue
VC FUND
1 company in sector · $6.3B
↑ 10.5% PORTFOLIO STRENGTH↓ 26.3% PORTFOLIO RISK
Koch Disruptive Technologies
VC FUND
1 company in sector · $6.3B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Santander InnoVentures
VC FUND
1 company in sector · $6.3B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Silver Lake
VC FUND
1 company in sector · $6B
↑ 20% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
SoftBank
VC FUND
1 company in sector · $6B
↑ 18.2% PORTFOLIO STRENGTH↓ 54.5% PORTFOLIO RISK
DCM Ventures
VC FUND
1 company in sector · $6B
↑ 14.3% PORTFOLIO STRENGTH↓ 28.6% PORTFOLIO RISK
Qatar Investment Authority
SOVEREIGN
1 company in sector · $6B
↑ 27.3% PORTFOLIO STRENGTH↓ 36.4% PORTFOLIO RISK
Baseline Ventures
VC FUND
1 company in sector · $6B
Mike Cagney
VC FUND
1 company in sector · $6B
Dan Macklin
VC FUND
1 company in sector · $6B
Renren
VC FUND
1 company in sector · $6B
Wicklow Capital
VC FUND
1 company in sector · $6B
↑ 33.3% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
Discovery Capital Management
VC FUND
1 company in sector · $6B
Softbank Capital
VC FUND
1 company in sector · $6B
Social Capital Hedosophia Holdings Corp. V
VC FUND
1 company in sector · $6B
JPMorgan Chase
INVESTMENT BANK
1 company in sector · $3.9B
↑ 23% PORTFOLIO STRENGTH↓ 49% PORTFOLIO RISK
Ping An Insurance
VC FUND
1 company in sector · $3.9B
China International Capital Corporation
VC FUND
1 company in sector · $3.9B
↑ 28.6% PORTFOLIO STRENGTH↓ 57.1% PORTFOLIO RISK
China Development Bank Capital
VC FUND
1 company in sector · $3.9B
China Merchants Bank
VC FUND
1 company in sector · $3.9B
↑ 0% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
HSBC
INVESTMENT BANK
1 company in sector · $3.9B
↑ 0% PORTFOLIO STRENGTH↓ 100% PORTFOLIO RISK
UBS
VC FUND
1 company in sector · $3.9B
↑ 0% PORTFOLIO STRENGTH↓ 75% PORTFOLIO RISK
Dragoneer Investment Group
VC FUND
1 company in sector · $2.8B
↑ 27% PORTFOLIO STRENGTH↓ 12% PORTFOLIO RISK
Insight Partners
VC FUND
1 company in sector · $2.8B
↑ 20% PORTFOLIO STRENGTH↓ 17% PORTFOLIO RISK
Coatue Management
VC FUND
1 company in sector · $2.8B
↑ 8% PORTFOLIO STRENGTH↓ 22% PORTFOLIO RISK
Sequoia Capital India
VC FUND
1 company in sector · $2.8B
↑ 6% PORTFOLIO STRENGTH↓ 24% PORTFOLIO RISK
Steadview Capital
VC FUND
1 company in sector · $2.8B
↑ 18.8% PORTFOLIO STRENGTH↓ 31.3% PORTFOLIO RISK
Beenext
VC FUND
1 company in sector · $2.8B
Amplo
VC FUND
1 company in sector · $2.8B
Steadfast Capital
VC FUND
1 company in sector · $2.8B
Peter Thiel
ANGEL
1 company in sector · $2B
↑ 50% PORTFOLIO STRENGTH↓ 37.5% PORTFOLIO RISK
General Atlantic
VC FUND
1 company in sector · $2B
↑ 22% PORTFOLIO STRENGTH↓ 22% PORTFOLIO RISK
KKR
VC FUND
1 company in sector · $2B
↑ 33.3% PORTFOLIO STRENGTH↓ 16.7% PORTFOLIO RISK
August Capital
VC FUND
1 company in sector · $2B
↑ 0% PORTFOLIO STRENGTH↓ 66.7% PORTFOLIO RISK
RRE Ventures
VC FUND
1 company in sector · $2B
↑ 0% PORTFOLIO STRENGTH↓ 80% PORTFOLIO RISK
Ventura Capital
VC FUND
1 company in sector · $2B
M&G
VC FUND
1 company in sector · $2B
Gauss Ventures
VC FUND
1 company in sector · $2B
Novator Partners
VC FUND
1 company in sector · $2B
↑ 0% PORTFOLIO STRENGTH↓ 66.7% PORTFOLIO RISK
Quilam Capital
VC FUND
1 company in sector · $2B
DRW Venture Capital
VC FUND
1 company in sector · $2B
Jefferson River Capital
VC FUND
1 company in sector · $2B
Jefferies Finance
VC FUND
1 company in sector · $2B
Accel Partners
VC FUND
1 company in sector · $1.9B
↑ 30% PORTFOLIO STRENGTH↓ 70% PORTFOLIO RISK
Sequoia Capital
VC FUND
1 company in sector · $1.9B
↑ 16% PORTFOLIO STRENGTH↓ 30% PORTFOLIO RISK
Benchmark
VC FUND
1 company in sector · $1.9B
↑ 11% PORTFOLIO STRENGTH↓ 37% PORTFOLIO RISK
Fidelity Ventures
VC FUND
1 company in sector · $1.9B
DAG Ventures
VC FUND
1 company in sector · $1.9B
↑ 0% PORTFOLIO STRENGTH↓ 66.7% PORTFOLIO RISK
Francisco Partners
VC FUND
1 company in sector · $1.9B
Fidelity Management & Research Company
VC FUND
1 company in sector · $1.8B
↑ 18.2% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Kaszek Ventures
VC FUND
1 company in sector · $1.8B
↑ 8.3% PORTFOLIO STRENGTH↓ 8.3% PORTFOLIO RISK
Redpoint eventures
VC FUND
1 company in sector · $1.8B
Greenoaks Capital
VC FUND
1 company in sector · $1.8B
↑ 17% PORTFOLIO STRENGTH↓ 23% PORTFOLIO RISK
Naspers
VC FUND
1 company in sector · $1.8B
↑ 20% PORTFOLIO STRENGTH↓ 40% PORTFOLIO RISK
VEF
VC FUND
1 company in sector · $1.8B
Amadeus Capital Partners
VC FUND
1 company in sector · $1.8B
QED Investors
VC FUND
1 company in sector · $1.6B
↑ 12.5% PORTFOLIO STRENGTH↓ 12.5% PORTFOLIO RISK
Neuberger Berman
VC FUND
1 company in sector · $1.6B
↑ 0% PORTFOLIO STRENGTH↓ 40% PORTFOLIO RISK
Left Lane Capital
VC FUND
1 company in sector · $1.6B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Speedinvest
VC FUND
1 company in sector · $1.6B
↑ 0% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
DST Global Partners
VC FUND
1 company in sector · $1.6B
↑ 0% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Zinal Growth
VC FUND
1 company in sector · $1.6B
Debt financing facility — J.P. Morgan
VC FUND
1 company in sector · $1.6B
Arcmont Asset Management
VC FUND
1 company in sector · $1.6B
Citigroup
INVESTMENT BANK
1 company in sector · $1.5B
↑ 38.9% PORTFOLIO STRENGTH↓ 55.6% PORTFOLIO RISK
Kleiner Perkins
VC FUND
1 company in sector · $1.5B
↑ 14% PORTFOLIO STRENGTH↓ 40% PORTFOLIO RISK
T. Rowe Price
VC FUND
1 company in sector · $1.5B
↑ 26% PORTFOLIO STRENGTH↓ 41% PORTFOLIO RISK
Sands Capital
VC FUND
1 company in sector · $1.5B
↑ 50% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Norwest Venture Partners
VC FUND
1 company in sector · $1.5B
↑ 0% PORTFOLIO STRENGTH↓ 41.2% PORTFOLIO RISK
Foundation Capital
VC FUND
1 company in sector · $1.5B
↑ 0% PORTFOLIO STRENGTH↓ 28.6% PORTFOLIO RISK
Xiaomi
VC FUND
1 company in sector · $1.5B
↑ 0% PORTFOLIO STRENGTH↓ 42.9% PORTFOLIO RISK
TPG Growth
VC FUND
1 company in sector · $1.5B
↑ 44.4% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
Canaan Partners
VC FUND
1 company in sector · $1.5B
↑ 0% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Advent International
VC FUND
1 company in sector · $1.5B
↑ 0% PORTFOLIO STRENGTH↓ 28.6% PORTFOLIO RISK
Morgenthaler Ventures
VC FUND
1 company in sector · $1.5B
Mirae Asset Venture Investments
VC FUND
1 company in sector · $1.5B
Kaszek
VC FUND
1 company in sector · $1.3B
Lightrock
VC FUND
1 company in sector · $1.3B
Tarsadia Capital
VC FUND
1 company in sector · $1.3B
ICONIQ Growth
VC FUND
1 company in sector · $1.1B
↑ 15.4% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Aleph
VC FUND
1 company in sector · $1.1B
↑ 16.7% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Greenspring Associates
VC FUND
1 company in sector · $1.1B
↑ 20% PORTFOLIO STRENGTH↓ 40% PORTFOLIO RISK
Sequoia Capital China
VC FUND
1 company in sector · $1B
↑ 23% PORTFOLIO STRENGTH↓ 44% PORTFOLIO RISK
Allianz X
VC FUND
1 company in sector · $1B
↑ 40% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
International Finance Corporation
VC FUND
1 company in sector · $1B
↑ 0% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Chimera Capital
VC FUND
1 company in sector · $1B
↑ 0% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
Algebra Ventures
VC FUND
1 company in sector · $1B
Apis Partners
VC FUND
1 company in sector · $1B
Valero
VC FUND
1 company in sector · $1B
Development Partners International
VC FUND
1 company in sector · $1B
Lorax Capital Partners
VC FUND
1 company in sector · $1B
Global Ventures
VC FUND
1 company in sector · $1B
TOM Group
VC FUND
1 company in sector · $1B
CK Hutchison
VC FUND
1 company in sector · $1B
Malaysia's Khazanah Nasional Berhad
SOVEREIGN
1 company in sector · $1B

Investors in Lending

Goldman Sachs

Morgan Stanley

Wellington Management

Spark Capital

Khosla Ventures

Ribbit Capital

Institutional Venture Partners

Third Point Ventures

DST Global

Tiger Global Management

Credit Suisse

Victory Park Capital

IFC

SoftBank Latin America Fund

Quona Capital

General Catalyst

Allen & Company

Founders Fund

Baillie Gifford

Lightspeed Venture Partners

Andreessen Horowitz

Thrive Capital

Durable Capital Partners

GIC Private Limited

Yuri Milner

Palantir Technologies

Jefferies Group

CapitalG

Sixth Street

Greenbacker Capital

GSV Ventures

Fifth Wall Ventures

Vy Capital

Coatue

Koch Disruptive Technologies

Santander InnoVentures

Silver Lake

SoftBank

DCM Ventures

Qatar Investment Authority

Baseline Ventures

Mike Cagney

Dan Macklin

Renren

Wicklow Capital

Discovery Capital Management

Softbank Capital

Social Capital Hedosophia Holdings Corp. V

JPMorgan Chase

Ping An Insurance

China International Capital Corporation

China Development Bank Capital

China Merchants Bank

HSBC

UBS

Dragoneer Investment Group

Insight Partners

Coatue Management

Sequoia Capital India

Steadview Capital

Beenext

Amplo

Steadfast Capital

Peter Thiel

General Atlantic

KKR

August Capital

RRE Ventures

Ventura Capital

M&G

Gauss Ventures

Novator Partners

Quilam Capital

DRW Venture Capital

Jefferson River Capital

Jefferies Finance

Accel Partners

Sequoia Capital

Benchmark