LP profile

Horsley Bridge Partners

Fund of fund · Founded 1983 · San Francisco, United States

#58 LP Ranking #12 of 264 funds of funds

Investor in top tier early stage venture and small buyout funds globally

Website ↗LinkedIn ↗X / Twitter ↗

56 VC firms backed

$22B AUM

01 · Background

Who Horsley Bridge Partners is.

Historical Background: Horsley Bridge Partners was established in 1983 in San Francisco, California. The firm has since expanded its global presence by opening offices in London and Beijing to support its investment activities.
Allocation Strategy: The firm operates as a fund-of-funds, investing capital into other private equity partnerships. Its primary focus is on technology-related investments, specifically targeting early-stage venture capital and smaller growth buyout funds. Horsley Bridge Partners maintains a global investment mandate, with dedicated funds and teams for opportunities in various international markets.
VC Strategy: Horsley Bridge Partners (HBP) has maintained a singular focus on top-tier early-stage venture capital since 1983, building enduring relationships with the world's leading seed and early-stage technology-focused VC partnerships through concentrated fund-of-funds portfolios. Stage focus: Early-stage and seed-stage venture capital; HBP builds concentrated VC portfolios alongside a complementary allocation to smaller growth buyout funds. Geographic focus: Global — anchored in the United States (San Francisco + London offices), with dedicated capital deployed in Europe and Asia, where portfolio managers often maintain close ties to leading US firms. Manager philosophy: HBP selects for outsized return potential and top-quartile performance persistence, working in close partnership with leading seed and early-stage investors. The strategy is deliberately concentrated rather than broadly diversified. Named GP backings are not publicly disclosed by HBP.

Sources

02 · Fund commitments

The funds Horsley Bridge Partners backs.

Horsley Bridge Partners is a limited partner in 56 funds. 23 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Accel

United States

#4 Power Law

Lightspeed Venture Partners

Apax Partners

United Kingdom

Duke Street

France

Eden Ventures

United Kingdom

IK Partners

United Kingdom

Israel Seed Partners

Israel

Jerusalem Venture Partners

Israel

LocalGlobe

United Kingdom

Phoenix Court Group

United Kingdom

Reiten & Co

Norway

Star Capital Partners

United Kingdom

Terra Firma

United Kingdom

03 · Allocation

How Horsley Bridge Partners’ fund book is spread.

The 56 funds Horsley Bridge Partners backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

North America 3970%
Europe 1221%
Rest of world 59%

United States 39 · United Kingdom 9 · Israel 3 · Brazil 2

How established those managers are

Managers grouped by how many funds they have raised — across the 34 of 56 with a fund history on record.

Emerging funds · 7

Established funds · 27

2 1

2 2

3 3

3 4

4 5-6

11 7-9

5 10-14

4 15+

Funds raised by the manager

04 · Direct investments

The companies Horsley Bridge Partners backs directly.

Horsley Bridge Partners holds 4 companies directly, separate from the funds it commits to as a limited partner.

Owner

Food · USA

$1.0B valuation Unicorn

Luminous Computing

Semiconductors · USA

$420M valuation

05 · Other LPs

Other LPs.

Other funds of funds in the Power Law LP ranking, closest to Horsley Bridge Partners by combined power-law score — North America first, then the nearest worldwide.

🇺🇸

Lexington Partners

LP rank #12 · United States

$70B AUM 200 VC funds backed

🇮🇱

Vintage Investment Partners

LP rank #17 · Israel

$4.0B AUM 85 VC funds backed

🇬🇧

Pantheon

LP rank #25 · United Kingdom

$71B AUM 135 VC funds backed