Alpha Leonis Partners Holds First Close for Venture Fund I
ZURICH, 23 September 2024 – Alpha Leonis Partners (“ALP”), an independent advisory firm, is pleased to announce its first closing of Alpha Leonis Venture Fund I (the “Fund”), with initial capital commitments of $26 million.
Alpha Leonis Venture Fund I is a venture capital fund of funds, investing in US-based seed/early-stage venture capital fund sponsors with a particular focus on Artificial Intelligence (“AI”) investments. The Fund seeks to harness the “power law” distribution of returns in venture capital by building a diversified portfolio of investments across AI-focused start-ups identified by a curated network of reputable and knowledgeable venture capital partners who plan to invest across multiple AI innovation hubs in the US. The Fund is an extension of ALP’s existing capabilities, which have historically focused on private equity investing in technology and software companies.
David Pinkerton, ALP’s co-founder said: “We are excited to extend ALP’s PE-focused strategy on behalf of our clients to enter into the promising areas of application-oriented start-ups in the AI field by leveraging efficient diversification required for start-up investing success and access to the US innovation ecosystems which is the preferred birthing epicenters for tomorrow’s potential market leaders. Unlike the Large Language model startups, the Fund intends to invest in less capital-intensive application companies that leverage this powerful innovation that will likely continue to change the corporate landscape over the next decade.”
ALP believes that early-stage startups are particularly well-positioned to drive innovation in areas such as generative AI, machine learning, natural language processing, and computer vision and are poised to have the biggest impact on the global economy across major industries since the invention of the steam engine and the ensuing industrialization. Viktor Izakowicz, Head of Private Equity at ALP commented: “The AI revolution is still in its early stages, and we believe the next decade will bring transformative breakthroughs. We see tremendous value in early stage startups that are developing novel AI solutions for specific industries and use cases. Our Fund focuses on these under-the-radar opportunities with immense growth potential and is positioned to support visionary entrepreneurs who are pushing the boundaries of what’s possible with AI.”
The launch of Venture Fund I is the latest milestone for Alpha Leonis Partners, as it continues to invest in technology and software across various stages.