Business

Building on Success of Trailblazing Fund I, GoalVest Completes First Close of its Venture Growth Fund II on Path to $50 Million Target

GoalVest’s Hedge-Fund style, LP-friendly approach to VC historically produces top decile returns with 40% net IRR highlighted by recent CoreWeave IPONew York, Aug. 13, 2025 (GLOBE NEWSWIRE) -- GoalVest Venture Capital, a division of GoalVest Advisory LLC, collectively (“GoalVest”), a female-founded boutique RIA and venture capital firm, today announced the first close of GoalVest Venture Growth Fund II (“Fund II”), targeting a $50 million raise. The successful first close demonstrates significan

articleCoreweave, Inc.August 13, 20253/company/coreweave-inc-class-a-common-stock/news/building-on-success-of-trailblazing-fund-i-goalvest-completes-first-close-of-its-venture-growth-fund-ii-on-path-to-dollar50-million-target
Building on Success of Trailblazing Fund I, GoalVest Completes First Close of its Venture Growth Fund II on Path to $50 Million Target

About this update from Coreweave, Inc.

[{"type":"image","alt":"GoalVest","displaySize":"","headline":null,"caption":"GoalVest","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":87,"url":"https://media.zenfs.com/en/globenewswire.com/05643f3e39a0ca45c0fbdbc817a1f623"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vqy1KKapWzCk4xSuMfsOvA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/05643f3e39a0ca45c0fbdbc817a1f623","width":300,"height":87}},"lazy":false},{"type":"text","content":"GoalVest’s Hedge-Fund style, LP-friendly approach to VC historically produces top decile returns with 40% net IRR highlighted by recent CoreWeave IPO","length":149,"tagName":"p"},{"type":"text","content":"New York, Aug. 13, 2025 (GLOBE NEWSWIRE) -- GoalVest Venture Capital, a division of GoalVest Advisory LLC, collectively (“GoalVest”), a female-founded boutique RIA and venture capital firm, today announced the first close of GoalVest Venture Growth Fund II (“Fund II”), targeting a $50 million raise. The successful first close demonstrates significant investor enthusiasm for GoalVest’s forward-thinking approach to growth-stage venture capital with approximately 60 Limited Partners (“LPs”).","length":493,"tagName":"p"},{"type":"text","content":"The initial close of Fund II comes amid strong performance of GoalVest’s first fund (“Fund I”), which recently saw the IPO of CoreWeave, a leading AI infrastructure company. Since its IPO in late March of 2025, CoreWeave’s value has increased approximately 2.5x. Fund I also ranks within the top decile globally for IRR in its vintage class, according to Pitchbook’s 4Q24 benchmarks. As of second quarter 2025, Fund I boasts a net IRR of 40% since inception in April 2022, significantly outperforming the Forge Private Market Index (FPMI), which declined by ~30% over the same period.","length":604,"tagName":"p"},{"type":"text","content":"“CoreWeave’s IPO marks just the beginning of value realization in our portfolio with many other notable names like Anduril and OLIPOP on the cusp of exiting,” said Sevasti Balafas, Founder and CEO of GoalVest Advisory. “We’re proud to achieve this important fundraising milestone, especially given the challenging fundraising environment. The performance of Fund I has validated our thesis, and Fund II will continue to amplify the reach of our ...

More updates from Coreweave, Inc.

Venture CapitalGoalVest Advisory LLCLimited Partnerstraditional ventureBlair Cohen