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What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture
Limited partners still have a strong appetite for the venture asset class but are seeking out strategies that involve less risk.
To sweeten the pot, Amazon is pledging that startups in this year’s Generative AI Accelerator cohort will gain access to experts and tech from Nvidia, the program’s presenting partner. Picsart, a photo-editing startup backed by SoftBank, announced on Thursday that it’s partnering with Getty Images to develop a custom model to bring AI imagery to its 150 million users. India’s largest wealth manager focused on ultra-high-net-worth individuals, 360 One WAM, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million.
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