Endeavor Catalyst Closes Its Fifth Fund at $320 Million
Endeavor Catalyst has closed its fifth fund at $320 million, the largest in its history, bringing its total assets under management to over $850 million.
Endeavor Catalyst has closed its fifth fund valued at $320 million, the largest in its history, raising its total assets under management to over $850 million.
The fund includes around 400 investors, including the founders of Nubank, Revolut, Checkout.com, Snowflake, and Careem, alongside Reid Hoffman, Bill Ackman, and Prosus Group.
The Innovative Startups and SMEs Fund (ISSF) in Jordan committed $7 million to the new fund.
Endeavor Catalyst invests in partnership with institutional investors with amounts ranging between $1 million and $3 million per deal, and expects to inject an additional $25 million to $30 million before the end of the year.
What Do These Terms Mean?
Closed-End Fund: An investment fund whose capital is raised from investors for a specified period and does not accept new money after closing.
Assets Under Management: The total value of money managed by an investment firm on behalf of its clients.
Institutional Investor: A large entity that invests money, such as banks, pension funds, and endowments, as opposed to an individual investor.
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