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… | |||||||
Which institutions back venture capital
Every LP in the current view, grouped by the kind of institution it is.
Where the LPs are based
The 12 countries whose LPs account for the most in the current view.
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 B), 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.