Lead Edge's Green Preps to Raise Institutional Cash Amid Jittery Tech Market

Institutional backers would supplement Lead Edge's limited partner network

In a private equity world that traditionally turns to large institutions for funding, Lead Edge Capital Management LLC made a name for itself by relying on a carefully curated network of individual entrepreneurs, CEOs, and tycoons to supply the bulk of its capital.

But as the growth equity firm readies its next offering, Lead Edge Capital VII LP, there are signs that it now plans to actively court big institutions. It’s a break from the past for founder Mitchell Green, and one that may be needed to ensure his firm’s steady fundraising progress continues, particularly in a jittery market for the tech sector.