L
LP profile
Libertymutual
Corporate · Founded 2008 · Boston, United States
84
VC firms backed
$100B
AUM
~$1.0B
Allocated to VC (est. 1%)
01 · Background
Who Libertymutual is.
- Historical Background
- Liberty Mutual Fire Insurance Company is a local, Wisconsin-based insurance provider.
- Source of Capital
- The company is a mutual insurance firm, meaning its capital is derived from the premiums paid by its policyholders.
- Allocation Strategy
- The entity is a direct insurer for property and casualty risks, not an investment firm that allocates capital to external managers or startups. It offers insurance products for farms, homes, and various types of dwellings. The company's operational focus is on serving its local community through a network of insurance agents.
02 · Fund commitments
The funds Libertymutual backs.
Libertymutual is a limited partner in 84 funds. 18 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Accel
#4 Power Law

New Enterprise Associates
#8 Power Law

Index Ventures
#11 Power Law

IDG Capital
#27 Power Law

Battery Ventures
#54 Power Law

Menlo Ventures
#75 Power Law

BlackRock
#83 Power Law

IVP
#84 Power Law

Threshold Ventures
#115 Power Law

Summit Partners
#168 Power Law

Blackstone
#240 Power Law

Shasta Ventures
#252 Power Law

Trinity Ventures
#283 Power Law

U.S. Venture Partners
#342 Power Law

Ardian

Astorg

BC Partners

Capital Dynamics
Carlyle Cardinal Ireland - CCI

Coller Capital

Doughty Hanson Technology Ventures

Graphite Capital

LivingBridge

Nordic Capital

Palamon Capital Partners
03 · Allocation
How Libertymutual’s fund book is spread.
The 84 funds Libertymutual 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 6881%
- Europe 1315%
- Rest of world 34%
United States 68 · United Kingdom 8 · Argentina 1 · Brazil 1
How established those managers are
Managers grouped by how many funds they have raised — across the 49 of 84 with a fund history on record.
Emerging funds · 12
Established funds · 37
5
1
3
2
4
3
4
4
9
5-6
11
7-9
4
10-14
9
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other corporate and insurance LPs in the Power Law LP ranking, closest to Libertymutual by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Metropolitan Life Insurance Company
$591B AUM
47 VC funds backed
🇺🇸
Brighthouse Financial
$235B AUM
56 VC funds backed
🇺🇸
PRIM
$116B AUM
103 VC funds backed
🇬🇧
Invesco
$1.8T AUM
64 VC funds backed
🇺🇸
Guardian Life
$81B AUM
64 VC funds backed
🇺🇸
General American Life Insurance Company
8 VC funds backed
🇳🇴
KLP
$100B AUM
50 VC funds backed
🇺🇸
Mesirow
$56B AUM
40 VC funds backed