In this video, Bridger Pennington ranks and profiles the ten largest venture capital (VC) funds by assets under management (AUM) as of 2026. He introduces each firm, cites its AUM, investment focus, geographic reach, and notable portfolio companies, and offers commentary on fund structures (open‑ended vs closed‑ended), the challenges of scaling venture capital, and the relationship between fund size and performance. The list runs from Khosla Ventures ($15B) at #10 up to Tiger Global Management ($125B) at #1, with insights on how some funds blur the line between VC and private equity, the importance of sector specialization, and recent performance issues for mega‑funds. The video concludes with a call to action for viewers to engage with the channel.
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Welcome back to the channel, people. My name is Bridger Pennington. Today we're going through the top 10 largest venture capital funds in the world. Now, if you haven't followed the channel before, we talk all things funds, finance, and today talking about venture capital funds, which as you know, are funds, just pool of capital put together for the purpose of investing usually in startup-type business. I think you guys are going to really like this list and recognize some of the names as we're going through. So coming in at number 10 is Khosla Ventures with over $15 billion under management. Right from their website, they say we like large problems that are amendable to technology solutions. We seek out unfair advantages, which actually is pretty cool. I mean, that's what all funds are trying to achieve is alpha. We're looking for unfair advantages where companies have a crazy advantage in a certain market. They just need capital to put gasoline on the fire, which has turned out pretty well for them. They're an early investor in DoorDash, Impossible Foods, Instacart, Stripe, Opendoor, RingCentral, and Square. So yeah, I think they've performed pretty well. Coming in at number 9 is Lightspeed Venture Partners with over $18 billion under management. Now they have a global approach to venture capital with offices in China, India, and Europe, Southeast Asia, Israel, and Silicon Valley. Some of their more notable companies are Snapchat, Nest, Giphy, Grubhub. Which brings us to number 8, New Enterprise Associates with over $23 billion under management. Now New Enterprise focuses on technology and healthcare, which actually is pretty interesting to step away for a second. A lot of these venture capital funds, yes, Now some of them invest in everything, but a lot of them say we're going to really focus on a few different verticals that we can understand very well and provide a lot of value and expertise on something like healthcare in their example, or food or blockchain technology. And in my opinion, typically that you see funds that go into a niche and get really good at that niche usually outperform others that are just super broad and across every board and every spectrum. But again, just a personal opinion. Now some of their most notable investments they've made into Houzz FTX, Plaid, Robinhood, and Wheels Up. Moving on to number 7 is General Catalyst, over $33 billion under management. Now, before we dive into them, I just want to make a note. It is incredibly crazy how much money $33 billion is under management for venture capital. Yeah, $33 billion for real estate or even private equity or hedge fund is still very large. But venture is where you are making seed or early-stage A and B round investments. To manage $33 billion, that's a lot of checks to That's a lot of funds. That's why most venture capitalists say once you hit $1 billion, your economies of scale get really hard to scale, and most funds perform better in venture capital under $1 billion. Yet people like General Catalyst have proven that they can perform even at a large scale. So General Catalyst, their mission says, we invest in powerful, positive change that endures for our entrepreneurs, our investors, our people, and our society. Some notable investments that they've made: Dubsmash, HubSpot, Kayak, Venmo, and Airbnb are some of their portfolio companies. Which moves us to number 6, a name you've probably heard of before, Andreessen Horowitz, with over $35 billion under management. They were founded only in 2009 by Marc Andreessen and Ben Horowitz with the idea to back bold entrepreneurs and have become one of the most successful venture capital firms on planet Earth. A few of their notable IPOs. Now what that means is they invested early on in these companies and led them all the way up into a big IPO on the public market exchanges. Some of those companies are Airbnb, Coinbase, Facebook, Groupon, Instagram, Lyft, Pinterest, Robinhood, Skype, and Slack. I mean, only being founded in 2009 to have that list already is unreal and the reason why they have $35 billion under management. Now moving to number 5, we have Hillhouse Capital Group with over $73 billion under management. Now you may argue this is where the lines get blurred between private equity and venture capital. Very sometimes similar models. Venture is usually early stage. They then turn into private equity at some point. There isn't a definitive line of this is private equity or this is venture capital. So you could argue these guys fall more into a private equity category, but they're still on our list of top 10 venture capital firms because they've made quite a few notable venture capital plays. For example, they invested into JD.com. They invested $255 million into that company, and at the time of their IPO, that $255 million had turned into $3.9 billion. A few of the other companies you may not have heard of because they're a very international firm is Blue Moon, Bell International, Global Logistic Properties, Little Freddie, and Miniso, all multi-billion dollar companies. Which brings us to number 4, one of the most notable names in the industry, Sequoia. Sequoia manages over $85 billion in their fund and is one of the most notable and prolific investors in Silicon Valley. Early investors into Apple, Cisco, Google, Instagram, LinkedIn, PayPal, Reddit, Tumblr, WhatsApp, and Zoom. I mean, pretty much any major tech company that comes out of Silicon Valley, some way, shape, or form Sequoia has their hands in it. They also just pioneered the first type of open-ended venture capital fund. Most venture capital funds open, they're usually 7 to 10 years long, and they close out the fund. They introduced a few years ago the first open-ended fund where you can invest capital over time and that fund would just run forever, what they call an evergreen fund, which has its pros and cons. We actually have other videos on our channel talking about open-ended and closed-ended funds and how those work together. Which brings us to number 3, Iconiq Capital, with over $89 billion in their funds. From their website, they say they focus on consumer internet, enterprise SaaS, fintech, and healthcare. A few of their current companies are Airbnb, Alibaba, Calendly, DocuSign, GoFundMe. I mean, they've made a killing on some of these investments and done very, very well. Number 2, Insight Partners with over $90 billion under management. This is a very broad venture capital firm that gets into pretty much any type of industry. A few of their notable companies are Shopify, Smartsheet, HelloFresh, Monday.com, Udemy, Lighttricks, and CompanyCam. Which again is very, very impressive. Now, before I get to number 1, I just want to pause and say it is crazy that all these companies that you see in here are a lot of times owned by the same firms and you can tie things back to the actual capital owners and private equity venture capital funds. The world of funds controls a lot of the globe. It's a world and an industry that you need to understand. So again, if you've liked this video and other videos we made, if you guys can like this video or comment and subscribe and also check out other videos on our channel, that would be amazing. Which now brings us to number 1, Tiger Global management with $125 billion under management. Now, despite having huge capital amounts and launching the, what they call the mega fund for venture capital, they've taken serious losses the last 2 years. One of their flagship funds down 50%, and they're citing inflation, economic conditions, all the other things. But again, some pretty poor performance last year from Tiger Global. I mean, Tiger had their hands in 21 IPOs Just last year alone, they were with Coinbase, Grab, Toast, Blend, Allbirds, Weave, MsFresh. I mean, these are major, major companies that IPO'd that were all in their fund. Now, again, like I said earlier, once you manage that much capital, it is hard to make that many strategic deployments in a short period of time, which many critics cite as maybe the downfall of a mega, mega fund like Tiger has built. for their venture capital arm. Again, only time will tell if you can actually effectively allocate that much capital. And back to a lot of the most effective venture capital funds are under $1 billion because they can be more strategic, more hands-on with founders, and overall produce a higher alpha to investors. So thank you for watching this video. Again, click on the links below. We have videos to other stuff. Go check out the channel. You guys are amazing. My name is Bridger Pennington. See you on the next video. Bye.
