# Michael Young, PhD

Michael Young is a senior data scientist at Carta with a focus on Fund Administration and Private Market Liquidity.

## Latest from Michael Young, PhD

**VC Fund Performance: Q1 2024**  
Carta's inaugural VC fund performance report analyzes benchmarks for more than 1800 funds across six recent vintages.  
[View](https://fund-forecasting@carta.com/data/vc-fund-performance-q1-2024/)

**VC Fund Performance Q1 2025**  
Data from more than 2,500 venture funds that currently use Carta Fund Administration gives us a revealing snapshot of fund performance, including IRR, DPI, and TVPI.  
[View](https://fund-forecasting@carta.com/data/vc-fund-performance-q1-2025/)

**VC Fund Performance: 2024**  
The boom times of 2022 have come to an end. The LP base has downsized, anchor checks have shrunk, and venture fund managers are adapting to a new reality. Carta has all the data on performance, including IRR, DPI, TVPI, and more.  
[View](https://fund-forecasting@carta.com/data/vc-fund-performance-q4-2024/)

**SPV Spotlight: Private Equity Edition 2024**  
The number of special-purpose vehicles has grown in recent years, and the size of SPVs is growing—a sign of their growing appeal among private equity and venture capital firms.  
[View](https://fund-forecasting@carta.com/data/spv-spotlight-private-equity-2024/)

**SPV Spotlight: Q3 2024**  
The number of new SPVs exploded during the venture capital boom of 2021. While they have slowed down since then, it's clear the long-term trend is pointing upward.  
[View](https://fund-forecasting@carta.com/data/spv-spotlight-q3-2024/)