The top LPs backing VC
Pension funds, foundations, endowments, fund-of-funds and family offices — the limited partners whose capital sits behind the world's best-performing VC funds. Ranked by combined VC power-law score: each fund commitment weighted by that fund's track record of producing outlier winners. CalPERS, for example, backs Sequoia (20,453) and Andreessen Horowitz (12,660); its 312 fund commitments add up to a combined score of 228,672.
The LP Ranking
| # | Investor | HQ | AuM | % VC | VC AuM | VCs backed | Power-Law Score |
|---|---|---|---|---|---|---|---|
| Loading LP ranking… | |||||||
Where the LPs are based
Every country in the current view; the smallest share one tile.
Where each group sends its money
Each column splits a group’s fund commitments by the fund manager’s home region. Home bias is the norm — pick any two groups and read them against the all-LPs baseline.
How big the LPs are
Every LP in the current view, counted into bands.
How the Combined Power-Law Score is built
Every LP commitment to a VC fund is weighted by that fund's average per-VC power-law score — itself built from the fund's track record of producing $1B+ valuations, $25M+ revenues and $100M+ revenue outcomes (stage-weighted).
The five market views recompute the score against a different VC universe: Global/US (all VCs), Europe (European VCs only), Early stage (Pre-seed → Series A), Emerging managers (Fund I → III) and European Emerging managers. AuM and % VC are Dealroom estimates aggregated from public filings, fund prospectuses and disclosed commitments — VC AuM is the product of the two. The full per-fund-commitment graph powering this analysis is unlocked with a Dealroom demo.
The full LP ranking, every commitment, every VC, every outcome.
This page shows the top 25 across five market views. The full Dealroom platform unlocks the complete 8,914-LP ranking, per-fund commitment history, scoring breakdowns and live filters — by investor type, geography, AuM and more.