September 15, 2022
James Baldwin once observed, “Not everything that is faced can be changed, but nothing can be changed until it is faced.” Inequities in the systems that govern wealth and power in our society are vast—but acknowledgment of those inequities, less so. At GEM, we’ve chosen to face the reality of our society—and, specifically, our industry—and work towards a better one.
The firm announced the final close of GEM Seed & Micro Venture Fund, LP. The Fund closed with $82 million in commitments—exceeding its hard cap and fundraising target—and marks GEM's first vehicle focused specifically on seed- and micro-stage venture capital.
Kelly Barofsky, a Managing Director in GEM’s Investment Research Group, spoke with PitchBook about the continued momentum behind independent sponsors and why deal-by-deal structures can create strong alignment between sponsors and investors.
Head of Venture Capital, Kate Simpson, joined the Swimming with Allocators podcast to discuss how GEM constructs its venture portfolio, why the market has bifurcated, and where disciplined manager selection creates the most compelling opportunities.
Let’s start a conversation about how we can help.
