Emerging fund managers have an exceptional track record of identifying great start-ups and investing at the very earliest stages.
Over the last 15 years, 92% of unicorns were originally backed by an emerging fund manager. But, because of their small fund size, emerging managers almost never have the ability to take follow-on investment opportunities in their best companies. As a result, emerging manager ownership of standout companies decreases over time and these early supporters often miss out on potential ROI.
The Capital Extension Program (CEP), a collaborative initiative from MDSV Capital and Sydecar, solves this problem by providing emerging venture fund and syndicate managers access to follow-on capital for their most successful portfolio companies.
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