Valor Equity Returns Show Limits of Musk Halo — The Information

Valor Fairness Companions made a reputation for itself because of early bets on Elon Musk corporations resembling Tesla, and its repeat investments in Musk’s Area Exploration Applied sciences have paid off handsomely. But regardless of the Musk glow, Valor’s current and largest funds are solely performing barely higher than these of its enterprise capital friends, in keeping with inner information reviewed by The Data.

Valor’s most up-to-date two funds, launched in 2017 and 2020, have generated paper returns within the second quartile of VC funds for that classic, higher than common however beneath the highest performers. When it comes to capital returned to traders, a metric that has elevated in significance as tech valuations have collapsed, Valor’s 2017 fund has underperformed, in keeping with funding shows from April and February obtained by The Data.

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