“…Anesco and Petainer) have thrived, with a small proportion of stellar outliers generating substantial net new jobs, wealth and innovation spillovers, supporting the case for GVCFs [44], [26], [51]. Various commentators [44], [30], [7], [53], [56], [57], [58], [59], find that private VC funds are a well-established source of risk finance. VC fund managers, acting as expert financial intermediaries [44], [2], [57], have the ability to use their track records to raise substantial funds from large private institutional investors (e.g.…”