// SECTOR INVESTOR DOSSIER

Investors in Media

82 investors with active positions in Media unicorns — combined exposure across this sector $1,623B in paper valuation.

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

Morgan Stanley
INVESTMENT BANK
4 companies in sector · $49.6B
↑ 41% PORTFOLIO STRENGTH↓ 51% PORTFOLIO RISK
Tencent
CORPORATE
3 companies in sector · $47.5B
↑ 19% PORTFOLIO STRENGTH↓ 43% PORTFOLIO RISK
China Renaissance
VC FUND
3 companies in sector · $47.5B
↑ 33.3% PORTFOLIO STRENGTH↓ 55.6% PORTFOLIO RISK
Abu Dhabi Investment Authority
SOVEREIGN
2 companies in sector · $123B
↑ 0% PORTFOLIO STRENGTH↓ 50% PORTFOLIO RISK
Goldman Sachs
INVESTMENT BANK
2 companies in sector · $113B
↑ 31% PORTFOLIO STRENGTH↓ 44% PORTFOLIO RISK
DST Global
VC FUND
2 companies in sector · $99B
↑ 25% PORTFOLIO STRENGTH↓ 30% PORTFOLIO RISK
Creandum
VC FUND
2 companies in sector · $96.4B
↑ 11.1% PORTFOLIO STRENGTH↓ 44.4% PORTFOLIO RISK
Sequoia Capital China
VC FUND
2 companies in sector · $29.5B
↑ 23% PORTFOLIO STRENGTH↓ 44% PORTFOLIO RISK
Tiger Global Management
VC FUND
2 companies in sector · $6.1B
↑ 16% PORTFOLIO STRENGTH↓ 26% PORTFOLIO RISK
Andreessen Horowitz
VC FUND
2 companies in sector · $5.1B
↑ 19% PORTFOLIO STRENGTH↓ 28% PORTFOLIO RISK
Founders Fund
VC FUND
1 company in sector · $95B
↑ 15% PORTFOLIO STRENGTH↓ 28% PORTFOLIO RISK
Accel
VC FUND
1 company in sector · $95B
↑ 17% PORTFOLIO STRENGTH↓ 21% PORTFOLIO RISK
Northzone
VC FUND
1 company in sector · $95B
↑ 12.5% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Horizons Ventures
VC FUND
1 company in sector · $95B
↑ 12.5% PORTFOLIO STRENGTH↓ 50% PORTFOLIO RISK
Kleiner Perkins
VC FUND
1 company in sector · $95B
↑ 14% PORTFOLIO STRENGTH↓ 40% PORTFOLIO RISK
Technology Crossover Ventures
VC FUND
1 company in sector · $95B
↑ 25% PORTFOLIO STRENGTH↓ 50% PORTFOLIO RISK
Direct listing — no underwriters appointed
VC FUND
1 company in sector · $95B
↑ 66.7% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
China International Capital Corporation
VC FUND
1 company in sector · $28B
↑ 28.6% PORTFOLIO STRENGTH↓ 57.1% PORTFOLIO RISK
Baidu
CORPORATE
1 company in sector · $28B
↑ 25% PORTFOLIO STRENGTH↓ 75% PORTFOLIO RISK
Morningside Venture Capital
VC FUND
1 company in sector · $28B
↑ 12.5% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
DCM Ventures
VC FUND
1 company in sector · $28B
↑ 14.3% PORTFOLIO STRENGTH↓ 28.6% PORTFOLIO RISK
Temasek
SOVEREIGN
1 company in sector · $28B
↑ 10% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
China Structural Reform Fund
VC FUND
1 company in sector · $28B
↑ 33.3% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
CMC Capital Partners
VC FUND
1 company in sector · $28B
↑ 0% PORTFOLIO STRENGTH↓ 100% PORTFOLIO RISK
Deutsche Bank
INVESTMENT BANK
1 company in sector · $18B
↑ 37.5% PORTFOLIO STRENGTH↓ 50% PORTFOLIO RISK
Spotify
VC FUND
1 company in sector · $18B
Microsoft
CORPORATE
1 company in sector · $5B
↑ 15.4% PORTFOLIO STRENGTH↓ 23.1% PORTFOLIO RISK
Google
VC FUND
1 company in sector · $5B
↑ 7.1% PORTFOLIO STRENGTH↓ 28.6% PORTFOLIO RISK
Sequoia Capital India
VC FUND
1 company in sector · $5B
↑ 6% PORTFOLIO STRENGTH↓ 24% PORTFOLIO RISK
Alpha Wave Ventures
VC FUND
1 company in sector · $5B
↑ 0% PORTFOLIO STRENGTH↓ 0% PORTFOLIO RISK
Matrix Partners India
VC FUND
1 company in sector · $5B
↑ 0% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
Falcon Edge Capital
VC FUND
1 company in sector · $5B
↑ 7.7% PORTFOLIO STRENGTH↓ 23.1% PORTFOLIO RISK
Sofina
VC FUND
1 company in sector · $5B
↑ 0% PORTFOLIO STRENGTH↓ 14.3% PORTFOLIO RISK
Omidyar Network
VC FUND
1 company in sector · $5B
↑ 20% PORTFOLIO STRENGTH↓ 20% PORTFOLIO RISK
Lightspeed Venture Partners
VC FUND
1 company in sector · $2.5B
↑ 11% PORTFOLIO STRENGTH↓ 20% PORTFOLIO RISK
Matrix Partners
VC FUND
1 company in sector · $2.5B
↑ 33.3% PORTFOLIO STRENGTH↓ 22.2% PORTFOLIO RISK
Nat Friedman
VC FUND
1 company in sector · $2.5B
↑ 0% PORTFOLIO STRENGTH↓ 16.7% PORTFOLIO RISK
Daniel Gross
VC FUND
1 company in sector · $2.5B
↑ 0% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Allen & Company
VC FUND
1 company in sector · $2.1B
↑ 68% PORTFOLIO STRENGTH↓ 27% PORTFOLIO RISK
Fidelity Investments
VC FUND
1 company in sector · $2.1B
↑ 37% PORTFOLIO STRENGTH↓ 59% PORTFOLIO RISK
Menlo Ventures
VC FUND
1 company in sector · $2.1B
↑ 14.3% PORTFOLIO STRENGTH↓ 14.3% PORTFOLIO RISK
Citigroup
INVESTMENT BANK
1 company in sector · $2.1B
↑ 38.9% PORTFOLIO STRENGTH↓ 55.6% PORTFOLIO RISK
Globespan Capital Partners
VC FUND
1 company in sector · $2.1B
News Corporation
VC FUND
1 company in sector · $2.1B
BSkyB
VC FUND
1 company in sector · $2.1B
Hearst Corporation
VC FUND
1 company in sector · $2.1B
J.P. Morgan Asset Management
VC FUND
1 company in sector · $2.1B
JPMorgan Chase
INVESTMENT BANK
1 company in sector · $1.5B
↑ 23% PORTFOLIO STRENGTH↓ 49% PORTFOLIO RISK
Blackstone
VC FUND
1 company in sector · $1.4B
↑ 60% PORTFOLIO STRENGTH↓ 20% PORTFOLIO RISK
Access Industries
VC FUND
1 company in sector · $1.4B
↑ 0% PORTFOLIO STRENGTH↓ 60% PORTFOLIO RISK
EQT Ventures
VC FUND
1 company in sector · $1.4B
↑ 33.3% PORTFOLIO STRENGTH↓ 16.7% PORTFOLIO RISK
EQT Growth
VC FUND
1 company in sector · $1.4B
AG2R La Mondiale
VC FUND
1 company in sector · $1.4B
Orange SA
VC FUND
1 company in sector · $1.4B
SPAC merger with I2PO on Euronext Paris
VC FUND
1 company in sector · $1.4B
Orange SA take-private acquisition of 76% stake
VC FUND
1 company in sector · $1.4B
General Atlantic
VC FUND
1 company in sector · $1.2B
↑ 22% PORTFOLIO STRENGTH↓ 22% PORTFOLIO RISK
Sequoia Capital
VC FUND
1 company in sector · $1.2B
↑ 16% PORTFOLIO STRENGTH↓ 30% PORTFOLIO RISK
Qatar Investment Authority
SOVEREIGN
1 company in sector · $1.2B
↑ 27.3% PORTFOLIO STRENGTH↓ 36.4% PORTFOLIO RISK
Riverwood Capital
VC FUND
1 company in sector · $1.2B
↑ 28.6% PORTFOLIO STRENGTH↓ 57.1% PORTFOLIO RISK
Wamda Capital
VC FUND
1 company in sector · $1.2B
SoftBank Vision Fund
VC FUND
1 company in sector · $1.1B
↑ 5% PORTFOLIO STRENGTH↓ 53% PORTFOLIO RISK
Y Combinator
ACCELERATOR
1 company in sector · $1.1B
↑ 9% PORTFOLIO STRENGTH↓ 27% PORTFOLIO RISK
Atomico
VC FUND
1 company in sector · $1.1B
↑ 0% PORTFOLIO STRENGTH↓ 83.3% PORTFOLIO RISK
Japan Post Capital
VC FUND
1 company in sector · $1.1B
↑ 33.3% PORTFOLIO STRENGTH↓ 33.3% PORTFOLIO RISK
Princeville Capital
VC FUND
1 company in sector · $1.1B
Offline Ventures
VC FUND
1 company in sector · $1.1B
GREE Ventures
VC FUND
1 company in sector · $1.1B
Japan Asia Investment Company
VC FUND
1 company in sector · $1.1B
Development Bank of Japan
VC FUND
1 company in sector · $1.1B
ACA Investments
VC FUND
1 company in sector · $1.1B
Globis Capital Partners
VC FUND
1 company in sector · $1.1B
Accel Partners
VC FUND
1 company in sector · $1B
↑ 30% PORTFOLIO STRENGTH↓ 70% PORTFOLIO RISK
Google Ventures
CORPORATE
1 company in sector · $1B
↑ 25% PORTFOLIO STRENGTH↓ 31.3% PORTFOLIO RISK
Qualcomm Ventures
CORPORATE
1 company in sector · $1B
↑ 25% PORTFOLIO STRENGTH↓ 25% PORTFOLIO RISK
Hearst Ventures
VC FUND
1 company in sector · $1B
Xiaomi
VC FUND
1 company in sector · $1B
↑ 0% PORTFOLIO STRENGTH↓ 42.9% PORTFOLIO RISK
Angel Investors
VC FUND
1 company in sector · $1B
NBCUniversal
VC FUND
1 company in sector · $1B
↑ 0% PORTFOLIO STRENGTH↓ 66.7% PORTFOLIO RISK
Comcast Ventures
CORPORATE
1 company in sector · $1B
↑ 0% PORTFOLIO STRENGTH↓ 66.7% PORTFOLIO RISK
Phoenix New Media
VC FUND
1 company in sector · $1B
OPPO
VC FUND
1 company in sector · $1B

Investors in Media

Morgan Stanley

Tencent

China Renaissance

Abu Dhabi Investment Authority

Goldman Sachs

DST Global

Creandum

Sequoia Capital China

Tiger Global Management

Andreessen Horowitz

Founders Fund

Accel

Northzone

Horizons Ventures

Kleiner Perkins

Technology Crossover Ventures

Direct listing — no underwriters appointed

China International Capital Corporation

Baidu

Morningside Venture Capital

DCM Ventures

Temasek

China Structural Reform Fund

CMC Capital Partners

Deutsche Bank

Spotify

Microsoft

Google

Sequoia Capital India

Alpha Wave Ventures

Matrix Partners India

Falcon Edge Capital

Sofina

Omidyar Network

Lightspeed Venture Partners

Matrix Partners

Nat Friedman

Daniel Gross

Allen & Company

Fidelity Investments

Menlo Ventures

Citigroup

Globespan Capital Partners

News Corporation

BSkyB

Hearst Corporation

J.P. Morgan Asset Management

JPMorgan Chase

Blackstone

Access Industries

EQT Ventures

EQT Growth

AG2R La Mondiale

Orange SA

SPAC merger with I2PO on Euronext Paris

Orange SA take-private acquisition of 76% stake

General Atlantic

Sequoia Capital

Qatar Investment Authority

Riverwood Capital

Wamda Capital

SoftBank Vision Fund

Y Combinator

Atomico

Japan Post Capital

Princeville Capital

Offline Ventures

GREE Ventures

Japan Asia Investment Company

Development Bank of Japan

ACA Investments

Globis Capital Partners

Accel Partners

Google Ventures

Qualcomm Ventures

Hearst Ventures

Xiaomi

Angel Investors

NBCUniversal