Investor Lists

Institutional LPs at growth

Updated 7 November 2026

Institutional LPs we have watched take part in a growth round in the last two years.

See all 12 →The top 12
12investors on the listNo change this week
20cheques in 12 monthsToo few cheques to tell
$92Mmedian round they joined+1052% against the market median
83%wrote a cheque in 12 months
50%have led a round

The Top 12

Ordered by cheques observed, never by anything anyone paid for

Deploying now (10)

  1. 1Gates FoundationDeploying nowInstitutional LP · United States60$21Mmedian roundOct 2026last seen
  2. 2Khazanah NasionalDeploying nowInstitutional LP · Malaysia10$73Mmedian roundDec 2025last seen
  3. 3Varma Mutual Pension Insurance CompanyDeploying nowInstitutional LP · Finland7$64Mmedian roundSept 2026last seen
  4. 4Ireland Strategic Investment FundDeploying nowInstitutional LP · Ireland5$57Mmedian roundOct 2026last seen
  5. 5HESTADeploying nowInstitutional LP · Australia3$27Mmedian roundJan 2026last seen
  6. 6Brighter SuperDeploying nowInstitutional LP · Australia2$111Mmedian roundMar 2026last seen
  7. 7California Public Employees' Retirement System (CalPERS)quietInstitutional LP · United States2$450Mmedian roundOct 2025last seen
  8. 8EGS BeteiligungenDeploying nowInstitutional LP · Switzerland2$137Mmedian roundJan 2026last seen
  9. 9Pershing Square FoundationquietInstitutional LP2$153Mmedian roundNov 2024last seen
  10. 10Funds SADeploying nowInstitutional LP · Australia1$217Mmedian roundJan 2026last seen
  11. 11IlmarinenDeploying nowInstitutional LP · Finland1$521Mmedian roundJun 2026last seen
  12. 12PenSamDeploying nowInstitutional LP · Denmark1$35Mmedian roundOct 2026last seen

Reading for founders at Series B and scaling

More books for founders and investors on the Reading List.

As an Amazon Associate we earn from qualifying purchases.

Quick answers about institutional LPs at growth

Who are the most active institutional LPs at growth?

By cheques observed, the most active are Gates Foundation, Khazanah Nasional, Varma Mutual Pension Insurance Company, Ireland Strategic Investment Fund and HESTA.

How many institutional LPs at growth are there?

12 are on record. 83% made an investment in the last 12 months and 50% have led a round.

Which stages do institutional LPs at growth back?

Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Growth (27%).

How big are the rounds institutional LPs at growth join?

The typical (median) round among the leading investors here is $111M.

Which sectors do institutional LPs at growth back most?

In the last 12 months, mostly AI, Agtech and Cleantech.

Which institutional LPs at growth lead the most rounds?

Gates Foundation (2 led), Khazanah Nasional (2 led) and Varma Mutual Pension Insurance Company (1 led).

Where are institutional LPs at growth based?

Among the most active, most are based in Australia (3), the United States (2) and Finland (2).

What have institutional LPs at growth invested in recently?

Recent rounds include Kenya (Grant, Oct 2026, with Gates Foundation), Summix Capital (Oct 2026, with Ireland Strategic Investment Fund) and GreenCell Mobility (Growth, Oct 2026, with PenSam).

Built from the rounds we watched, refreshed every night. How we count · Report a correction