Investment in BOND II

Following our investment in BOND’s first fund in 2019, we also invested in its follow-on fund, BOND II. The fund has a total volume of 1.5 billion U.S. dollars. BOND is led by star internet analyst Mary Meeker. BOND’s previous investments have included companies such as Revolut, Canva, and Hippo. BOND I has achieved a gross IRR of 87%. Twenty-two percent of the BOND team’s portfolio companies to date that are more than three years old have achieved an MTM multiple of 5x or greater.