Accolade Partners, a Top Performing Venture Capital & Private Equity Growth Fund of Funds, Caps Off 2023 with Three New Vehicles

Firm Closes Its Ninth Combined Venture Capital and PE Growth Fund, Third Dedicated PE Growth Fund, and First Dedicated Venture Capital Fund

WASHINGTON, D.C., February 12, 2024 – Accolade Partners (“Accolade” or the “Firm”), an investment firm focused on venture capital, private equity growth, and blockchain strategies, announced that it closed three new investment vehicles. Accolade Partners IX, L.P. (“Accolade IX”), the Firm’s combined venture capital and PE growth fund of funds, held a final close at $505 million in total commitments in May 2023. Accolade Partners Growth III, L.P. (“Accolade Growth III”), the Firm’s third fund of funds focused solely on PE growth, closed at $400 million in total commitments in December 2023. Accolade Partners Venture I, L.P. (“Accolade Venture I”), the Firm’s first fund of funds focused solely on venture capital closed at $131 million in total commitments in December 2023. All three vehicles will be managed by Joelle Kayden, Atul Rustgi, Aram Verdiyan, and Andy Salembier, supported by a team of investment and operations professionals.

“We are both proud and grateful to continue to partner with world-class fund managers and be supported by top-tier LPs. The closing of these vehicles demonstrates our consistent and disciplined strategy of building high quality, concentrated, and complementary portfolios within our key sectors of focus,” noted Managing Partner Joelle Kayden. “Independent thinking combined with reasonable fund sizes ensures that we can continue to generate industry-leading returns.”

The HEC-Dow Jones Performance Ranking of Private Equity Fund-of-Funds for 2021 ranked Accolade as one of the top two fund of funds globally in the past fifteen years. Accolade’s combined venture and PE growth strategy now boasts six vintages in a row (2005, 2008, 2012, 2015, 2017, and 2019) ranked in the top quartile according to Cambridge Associates’ benchmarks.

The Firm was founded in 2000 and manages approximately $5.8b across various strategies. Accolade’s investors include endowments, foundations, family offices, and individuals who want to gain exposure to difficult-to-access private equity and venture capital funds. The Firm focuses primarily on U.S. fund managers in the technology and healthcare spaces whilst allocating a portion of the portfolio to direct investments alongside their active roster of managers.

In 2019, Accolade launched a dedicated PE growth fund of funds to further capitalize on the opportunity set the Firm identified back in 2000.  Accolade’s PE growth effort is focused on minority and control managers investing in bootstrapped, profitable technology and healthcare companies. This strategy is distinct and different from late-stage venture. Similarly, Accolade’s decision to launch a dedicated venture capital fund of funds allows the firm to continue its thought leadership which has enabled its funds to deliver exceptional returns for over 20 years. “We were early in identifying and investing in both PE growth and venture capital. The success of our dedicated PE growth vehicles combined with investor demand spurred our decision to launch a venture capital only fund of funds that leverage our access to the top established and up-and-coming managers in the space,” said Managing Partner Atul Rustgi. “We construct our portfolios in a highly selective and thoughtful manner to meet investor demand and to deliver the performance investors expect from Accolade.”

About Accolade Partners

Accolade Partners is a leading alternative investment firm dedicated to delivering superior returns by investing in top-tier venture capital and PE growth funds on behalf of endowments, foundations, institutions, and individuals. Founded in 2000 and located in Washington, D.C., the Firm has raised $5.8 billion worth of capital and is a registered investment advisor. For more information, please visit www.accoladepartners.com.

Media Contact: Andy Salembier, COO, at 202-775-5595 or andrew@accoladepartners.com