Global Innovation Partners
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Sands Capital announced the successful close of Global Innovation Fund III, which raised $1.1 billion, exceeding its $1 billion target.
The oversubscribed fund was supported by a concentrated base of existing limited partners and strong interest from new institutional investors, technology company founders, and executives.
The fund will continue Global Innovation’s approach of investing in a small number of category-defining technology companies, with particular emphasis on long-term secular themes such as artificial intelligence, next-generation defense, and intelligent infrastructure.
Managing Partners Barron Martin and Michael Clarke spoke with Laura Kreutzer of The Wall Street Journal to discuss how Sands Capital approaches partnering with companies at the center of major technology shifts, how the Global Innovation strategy has evolved since inception, and why now is an exciting time to be a growth investor in the age of mega trends like artificial intelligence and industrial technology.
Since launching the strategy in 2018, the team has partnered with several of the most consequential technology companies of the past decade, including DoorDash, Snowflake, Nubank, Databricks, Anduril, Ramp, Rippling, Anthropic, and OpenAI.
Read the article in The Wall Street Journal here, and view the full press release on the announcement here.
Disclosures:
The Global Innovation investment strategies are managed by Sands Capital Alternatives, LLC and are only available through private placement to qualified investors. The activities of the Global Innovation Strategy Team, including investment due diligence and sourcing, may be supported on an ad hoc basis by various members of the broader global research team of Sands Capital Management, as well as members of the Global Ventures Team of Sands Capital Alternatives. The companies referenced represent a selection of investments made by Sands Capital strategies and do not represent all investments made by the strategy.
Investment in a fund involves significant risk. The Global Innovation strategy is concentrated in a limited number of emerging technology and technology-enabled companies. Some of the risks impacting the strategy include technology-related risks, such as dependence on patents, cybersecurity risk, cryptocurrency risk, risks associated with investing in India and China and special risks, such as products or services not proving commercially successful or quickly becoming obsolete. No assurance can be given that a fund’s investment objectives will be achieved. An investment is only suitable for sophisticated investors for whom an investment does not constitute a complete investment program, who have experience with similar types of investments, and who understand, are willing to assume, and have the financial resources necessary to withstand the significant risks involved in the investment, including the potential for a complete loss of capital. An investment strategy focused primarily on privately held companies presents certain challenges and involves incremental risks as opposed to investments in public companies, such as dealing with the lack of available information about these companies as well as their general lack of liquidity. Private equity funds often hold illiquid investments and their performance may be volatile. There also can be no assurance that companies will list their securities on a securities exchange; as such, the lack of an established, liquid secondary market for some investments may have an adverse effect on the market value of those investments and on an investor’s ability to dispose of them at a favorable time or price.