Dear Friends & Partners,
Moderne Ventures is incredibly proud to announce today that we closed on Moderne Ventures Fund II, an incredibly oversubscribed $200M fund!
To date, Moderne Ventures has delivered top decile returns with investments in more than 100 companies, including five unicorns, three IPOs (+ two pending) and dozens of accretive financing events over this past year alone.
We are honored to partner with both new and returning high profile strategic partners like AvalonBay Communities (NYSE: AVB), Camden Property Trust (NYSE: CPT), a subsidiary of Essent Group Ltd. (NYSE: ESNT), Greystar, JBG SMITH (NYSE: JBGS), Leading Real Estate Companies of the World®, funds managed by Oaktree Capital Management, L.P., and Realogy (NYSE: RLGY).
We have made 7 investments out of our new fund already and currently accepting applications to our 2021 Midyear Moderne Passport Class. Please note that we are also expanding our A-Team and looking for great recruits to join our team– we would appreciate any and all references.
We want to thank you all for your continued partnership and support and we look forward to sharing many more exciting updates as we continue to put this capital to work!
Sincerely,
Constance