Hamburg-based family office Lennertz & Co (LCO) has added to its umbrella funds series with the launch of the LCO Venture US II fund.
Similar to the preceding funds, investors gain access to the best venture capital fund managers in the US. The investments in the selected target funds are focused on the technology sector.
Venture capital investments in the US have been in high demand worldwide for some years now. Such funds are usually heavily oversubscribed, and the fund initiators can choose the investors.
The Lennertz & Co Venture US II will comprise approximately ten US target funds. Accel, Firstmark, Insight Partners, Kleiner Perkins, Lightspeed, NEA, and TCV have already been decided.
The full portfolio will consist of more than 80% early-stage and growth funds. Up to 20% of the fund volume is planned for direct investments and co-investments. Altogether investors will hold stakes in around 300 portfolio companies. As a result, the fund will heavily be diversified.
The US fund series of Lennertz & Co. includes four other venture funds of funds, three of which are part of its BPE subsidiary, through which Lennertz & Co has cultivated over 20 years a network with the best venture capital teams in the United States.
