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Insurers that invest in venture funds

22 insurers that report the venture funds they hold: 230 holdings in all, and 7 still adding venture funds.

  • Start with the most active. Ranked by the venture funds each reports holding, with what it holds and how to reach it.
  • Know what’s new. 7 of them are still adding venture funds, by their latest reports.
  • From their own reports. Each insurer’s interests in private funds are from Schedule BA of the statutory annual statement it files with its state regulator, at carrying value.

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230 venture fund holdings across 22 insurers

Insurers holding the most venture funds
Insurers holding the most venture fundsInsurers holding the most venture funds. The Guardian Life Insurance Company of America: 76; Great American Insurance Company: 38; The Prudential Insurance Company of America: 29; Nationwide Mutual Insurance Company: 14; The Northwestern Mutual Life Insurance Company: 14; MassMutual Ascend Life Insurance Company: 12; Genworth Life Insurance Company: 10; The Western and Southern Life Insurance Company: 10.The Guardian Life Insurance C…The Guardian Life Insurance Company of America: 7676Great American Insurance Comp…Great American Insurance Company: 3838The Prudential Insurance Comp…The Prudential Insurance Company of America: 2929Nationwide Mutual Insurance C…Nationwide Mutual Insurance Company: 1414The Northwestern Mutual Life…The Northwestern Mutual Life Insurance Company: 1414MassMutual Ascend Life Insura…MassMutual Ascend Life Insurance Company: 1212Genworth Life Insurance Compa…Genworth Life Insurance Company: 1010The Western and Southern Life…The Western and Southern Life Insurance Company: 1010
The numbers
LPVenture funds
The Guardian Life Insurance Company of America76
Great American Insurance Company38
The Prudential Insurance Company of America29
Nationwide Mutual Insurance Company14
The Northwestern Mutual Life Insurance Company14
MassMutual Ascend Life Insurance Company12
Genworth Life Insurance Company10
The Western and Southern Life Insurance Company10
Insurers by the number of venture funds they report holding
#LPLocationVenture fundsIn venture fundsTotal assets
1The Guardian Life Insurance Company of AmericaInsurer · as of December 31, 2025New YorkNY76$655M$93.8B
2Great American Insurance CompanyInsurer · as of December 31, 2025CincinnatiOH38$123M$14.3B
3The Prudential Insurance Company of AmericaInsurer · as of December 31, 2025NewarkNJ29$242M$326B
4The Northwestern Mutual Life Insurance CompanyInsurer · as of December 31, 2025MilwaukeeWI14$127M$399B
5Nationwide Mutual Insurance CompanyInsurer · as of December 31, 2025ColumbusOH14$100M$52B
6MassMutual Ascend Life Insurance CompanyInsurer · as of December 31, 2025CincinnatiOH12$26M$59.2B
7Genworth Life Insurance CompanyInsurer · as of December 31, 2025DE10$150M$40.7B
8The Western and Southern Life Insurance CompanyInsurer · as of December 31, 2025CincinnatiOH10$82M$13.6B
9American General Life Insurance CompanyInsurer · as of December 31, 2025HoustonTX8$90M$270B
10Nationwide Life Insurance CompanyInsurer · as of December 31, 2025ColumbusOH4$5.5M$210B
11The United States Life Insurance Company in the City of New YorkInsurer · as of December 31, 2025New YorkNY3$32M$36B
12The Variable Annuity Life Insurance CompanyInsurer · as of December 31, 2025HoustonTX3$14M$83.5B
13United of Omaha Life Insurance CompanyInsurer · as of December 31, 2025OmahaNE3$11M$42.5B
14Pacific Life Insurance CompanyInsurer · as of December 31, 2025OmahaNE2$74M$240B
15The Cincinnati Insurance CompanyInsurer · as of December 31, 2025FairfieldOH2$2.6M$25.8B
16Nationwide Life and Annuity Insurance CompanyInsurer · as of December 31, 2025ColumbusOH1$2.5M$77.4B
17Genworth Life and Annuity Insurance CompanyInsurer · as of December 31, 2025RichmondVA1$1.6M$15.9B
18Athene Annuity & Life Assurance Company of New YorkInsurer · as of December 31, 2025Pearl RiverNY0—$5.4B
19Athene Annuity and Life CompanyInsurer · as of December 31, 2025West Des MoinesIA0—$341B
20AuguStar Life Insurance CompanyInsurer · as of December 31, 2025CincinnatiOH0—$29.6B
21Mutual of Omaha Insurance CompanyInsurer · as of December 31, 2025OmahaNE0—$12.2B
22Western-Southern Life Assurance CompanyInsurer · as of December 31, 2025CincinnatiOH0—$39.7B

Other LPs

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About the data

A fund counts as venture when its manager is in the fund index or the venture adviser directory, or, on a foundation’s return, when it is named as a venture fund; funds are linked to managers by name, and a match can be wrong. An LP is “still adding venture funds” when its latest report shows a fund from the last three years or one that wasn’t on the report before. Each LP’s page says what its amounts are and how old its report is. Organizations only: no individuals are listed.

Data feeds: latest LP reports (RSS) · every LP as CSV · the free weekly email for managers raising.

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