General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say
General Catalyst plans to launch a continuation fund valued between $800 million and $1 billion, focusing on existing portfolio stakes.
MAIN POINTS
- General Catalyst is preparing a continuation fund between $800 million and $1 billion.
- The fund will consist of stakes in the firm's existing portfolio companies.
- The information comes from a source familiar with the firm's plans.
TAKEAWAYS
- Continuation funds help VC firms manage and extend investments in existing portfolio companies.
- The fund's size indicates significant confidence in the potential of current investments.
- General Catalyst is a major player in Silicon Valley's venture capital landscape.