About This Fund
Greenoaks fund of one is a separately managed account (SMA) structured as a dedicated co-investment vehicle for a single institutional limited partner, managed by Greenoaks Capital Partners. Greenoaks is a San Francisco-based growth-stage venture capital firm founded in 2012 by Neil Mehta and Benny Peretz, managing approximately $12–15 billion across its main fund series. The firm closed its sixth flagship fund, Greenoaks Capital Opportunities Fund VI, at $2.5 billion in July 2025, exceeding its $2.25 billion target. The fund-of-one structure operates in parallel with Fund VI and its predecessor vehicles, enabling the sole LP to co-invest contemporaneously in select transactions alongside the flagship strategy.
As of October 2025, the New Mexico State Investment Council (NMSIC) committed up to $75 million to this fund-of-one vehicle, in addition to a separate $75 million commitment to Fund VI. The SMA structure provides NMSIC with additional capital capacity for follow-on investments in high-conviction portfolio companies, allowing larger equity checks beyond the flagship fund's allocation while maintaining the same investment mandate and governance standards. Greenoaks pursues a highly concentrated, high-conviction approach to venture investing, prioritizing companies generating the vast majority of value creation within technology cycles, with strong emphasis on sound unit economics, free cash flow sustainability, and exceptional customer experience as leading indicators of durable competitive advantage.
Greenoaks' broader portfolio has included category-defining companies such as Figma, Coupang, Scale AI, Anthropic, Wiz, Navan, Flipkart, Deliveroo, and OYO Rooms, reflecting a global mandate with approximately 50% invested in North America and 50% in international markets — particularly Southeast Asia, India, Europe, and Latin America. The fund-of-one structure is part of Greenoaks' broader capital strategy for providing select institutional investors with access to its concentrated deal-by-deal thesis at tailored scale.