ZG
LP profile
Zero Gap Fund
Other · Founded 2019 · New York City, United States
55
VC firms backed
$30M
AUM
01 · Background
Who Zero Gap Fund is.
- Historical Background
- The Zero Gap Fund was launched in 2019 as a collaborative impact investing initiative by The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation. The fund was established to deploy catalytic capital to help close the funding gap for the UN Sustainable Development Goals (SDGs).
- Source of Capital
- The fund's capital is sourced from its two founding partners: The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation. By the end of 2023, the fund had fully committed its initial $30 million, which was used to mobilize over $1 billion in private co-investments.
- Major Events
- In 2023, the fund successfully mobilized over $1.04 billion in private capital across 12 different investment strategies. By early 2024, two of the fund's initial investments had matured, marking a significant milestone in its portfolio development.
- Allocation Strategy
- The fund utilizes catalytic capital, which is characterized as flexible, patient, and risk-tolerant, to de-risk and attract private investment into high-impact strategies. Its investment mandate is global, with a focus on financing solutions that directly address the UN Sustainable Development Goals. The fund invests in a variety of strategies and financial instruments, including backing an African-led effort for an Extreme Climate Facility and supporting the development of instruments like the Forest Resilience Bond.
02 · Fund commitments
The funds Zero Gap Fund backs.
Zero Gap Fund is a limited partner in 55 funds. 26 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Sequoia Capital
#2 Power Law
Accel
#4 Power Law
Andreessen Horowitz
#5 Power Law
New Enterprise Associates
#8 Power Law
General Catalyst
#13 Power Law
Tiger Global Management
#14 Power Law
Kleiner Perkins
#18 Power Law
IDG Capital
#27 Power Law
Redpoint
#42 Power Law
Benchmark
#47 Power Law
CRV
#49 Power Law
Battery Ventures
#54 Power Law
Notable Capital
#61 Power Law
SAIF Partners
#159 Power Law
Peak XV Partners
#207 Power Law
Gaorong Capital
#246 Power Law
Legend Capital
#364 Power Law
K2VC
#494 Power Law
Aavishkaar Capital
Advantage Partners
Audax Private Equity
Decheng Capital
HSG
LeapFrog Investments
Omnivore Partners
Pearl Capital Partners
Seedstars
Unicorn Capital Partners
03 · Allocation
How Zero Gap Fund’s fund book is spread.
The 55 funds Zero Gap Fund 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 3971%
- Rest of world 1324%
- Europe 35%
United States 39 · China 6 · India 3 · Hong Kong 2
How established those managers are
Managers grouped by how many funds they have raised — across the 37 of 55 with a fund history on record.
Emerging funds · 11
Established funds · 26
5
1
2
2
4
3
7
4
5
5-6
6
7-9
3
10-14
5
15+
Funds raised by the manager
04 · Direct investments
The companies Zero Gap Fund backs directly.
Zero Gap Fund holds 2 companies directly, separate from the funds it commits to as a limited partner.
Pymetrics
$160M valuation
Digital Divide Data
05 · Other LPs
Other LPs.
Other LPs in the Power Law LP ranking, closest to Zero Gap Fund by combined power-law score — North America first, then the nearest worldwide.
🇨🇳
Haocheng
$2.0B AUM
38 VC funds backed
🇺🇸
Metlife Investors USA Insurance
16 VC funds backed
🇺🇸
International Finance Corporation
$72B AUM
143 VC funds backed
🇺🇸
Memorial Sloan Kettering
$1.4B AUM
28 VC funds backed
🇺🇸
Duke Management Company
$12B AUM
20 VC funds backed
🇺🇸
Sequoia
$88B AUM
23 VC funds backed
🇨🇳
Gopher Asset Management
54 VC funds backed
🇬🇧
Patria Private Equity Trust
$17B AUM
38 VC funds backed