Alpha Partners raises $153M third fund for pro-rata investments ➿➿➿➿➿➿➿➿➿➿➿➿ Alpha Partners, founded by Steve Brotman in 2014, has announced a $153 million third fund, significantly larger than its previous $52 million fund from 2017.📈 The firm's unique approach involves investing alongside early-stage VCs to help them maintain ownership in promising companies as they progress into later funding rounds. This strategy has gained relevance as opportunity funds lose favor and many SPV investors faced challenges post-2021. 💰Alpha Partners typically invests $5 million to $10 million in companies led by top-tier VCs, focusing on those with over $10 million in revenue and 50% annual growth. Recent investments include AI platforms like Pearl, defense tech startup Shield AI, and radiology solutions from Rad AI. ➡️The firm’s notable exits include IPOs of Coursera and Rover, with a standout return from Coupang, achieving 20 times their investment. Brotman believes that the strategy of pro-rata investments will continue to be important despite the reduction in later-stage deals. #venturecapital #venture #investments