Inside Collective Global’s First Investment
Collective Global, the $1 billion consortium of pension funds, has inked its first deal after launching last year. The firm acquired a stake in venture firm Drive Capital in addition to making a fund commitment. In total, Collective Global may commit up to $750 million to Drive. Collective Global is investing capital on behalf of […]
Venture Firm Drive Capital Sells Stake to Collective Global
Drive Capital, a prominent venture capital firm known for investing in high-growth startups across the Midwest, has announced the sale of a stake in its business to Collective Global, a strategic investment group focused on innovation-driven enterprises. The deal, which was finalized earlier this week, marks a significant transition for Drive Capital, a firm founded […]
VC Firm Co-Owned by California Pensions Debuts With $1 Billion
A newly launched venture capital firm backed by California pension funds has made its debut with an impressive $1 billion in assets under management. The firm, which aims to invest in high-growth technology and innovation-driven startups, is expected to play a major role in shaping the future of venture investing. According to industry insiders, the […]
Collective Global Launches as a Next-Generation Venture Capital Firm with more than $1 Billion in Assets Under Management
NEW YORK – November 14, 2023 – Collective Global, a new asset management firm built to reimagine the way premier institutions access venture, today announced its launch with more than $1 billion in assets under management. Jointly owned by leading asset owners alongside a management team led by co-Chief Executive Officers Sheel Tyle and Daniel Adamson, Collective […]