General Catalyst Group Management (GCGM) advises investment funds that are not registered as investment companies. These funds focus on early-stage venture investments, growth venture investments, health assurance investments, and creation investments, including starting new companies. GCGM targets information technology companies but may also pursue opportunities in other creative areas. GCGM also advises funds that invest in emerging venture capital or growth equity firms.
GCGM does not directly manage investments for individual investors. It manages investment vehicles (funds) that are exempt from registration. The firm receives an advisory fee from each fund, typically calculated based on committed capital, remaining invested capital, or the fair market value of the fund's assets. The specific amount and calculation method are detailed in each fund's advisory agreement and organizational documents.