a16z reportedly closing in on another ~$7B in fresh LP capital, to close in April

Highlights include:
- About ~$3.5B to their growth fund
- ~$500m-1B to various sector-specific funds, including AI & American Dynamism
- ~$600m to their games fund

https://www.axios.com/2024/03/06/andreessen-horowitz-7-billion-fundraise

- a16z's $7b fund = indicator for how LPs feel about VC asset class

- many LPs take a barbell approach to VC

- beta (2-3x returns) is achieved via large funds like a16z 

- alpha (5x+ returns) is achieved via emerging managers 

- now LPs have re-upped on beta, i expect to see them take positions in emerging managers

Agree on the barbell approach.  Also much easier for truly large institutions to get to their total allocation for the asset class by taking large positions (like with a16z).

209 $degen