Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • July 2021
  • Case
  • HBS Case Collection

Bessemer Venture Partners: Century Fund

By: Jo Tango and Alys Ferragamo
  • Format:Print
  • | Language:English
  • | Pages:28
ShareBar

Abstract

In July of 2021, Bessemer Venture Partners (BVP) contemplated the future of its growth investing practice, known as “Century.” While still relatively new as a focused initiative, BVP’s growth investing already had significant momentum. The fund’s investment pace had been faster than expected, and the initial investments looked strong. But many of their VC competitors had already been operating growth funds, a new wave of growth-stage-focused investors were increasing their investment activity, and the team wondered what BVP should do. They considered three “out of the box” ideas: extending the firm’s multi-stage focus to include leveraged buyouts, expanding aggressively into East Asia and Africa, and applying the BVP process to public companies through a hedge fund. Which option, if any, should the team pursue?

Keywords

Leveraged Buyouts; Financial Institutions; Growth and Development Strategy; Investment Banking; Competitive Strategy; Public Sector; Venture Capital; Private Equity; Acquisition

Citation

Tango, Jo, and Alys Ferragamo. "Bessemer Venture Partners: Century Fund." Harvard Business School Case 822-009, July 2021.
  • Educators
  • Purchase

About The Author

Jo Tango

Entrepreneurial Management
→More Publications

More from the Authors

    • September 2023
    • Faculty Research

    To Found or to Cofound? That is the Question

    By: Christina Wallace and Jo Tango
    • August 2023
    • Faculty Research

    Tenkara Outfitters

    By: Christina Wallace, Jo Tango and Johnson Elugbadebo
    • August 2023
    • Faculty Research

    Tenkara Outfitters

    By: Christina Wallace, Jo Tango and Johnson Elugbadebo
More from the Authors
  • To Found or to Cofound? That is the Question By: Christina Wallace and Jo Tango
  • Tenkara Outfitters By: Christina Wallace, Jo Tango and Johnson Elugbadebo
  • Tenkara Outfitters By: Christina Wallace, Jo Tango and Johnson Elugbadebo
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College