Sabertooth VC founder Justin Ernest deploys $400M via private LP network

• •Justin Ernest directed nearly $400 million into high-growth startups, including Anthropic, Anduril, and SpaceX, according to TechCrunch.
• •Ernest bypassed the traditional 12-month venture fund formation process by utilizing a captive network of limited partners.
• •The full scope of the portfolio and the specific terms governing these private capital allocations remain undisclosed to the public.

Justin Ernest of Sabertooth VC has deployed approximately $400 million into companies such as Anthropic and SpaceX, bypassing the traditional venture capital fund model. Instead of undergoing a formal, year-long fundraising process, Ernest utilized a closed network of dedicated limited partners to access private equity deals. However, the exact structure of these investments and how they compare to traditional carry-and-fee models remains incomplete. Whether this private allocation strategy proves more efficient than institutional fundraising depends on the long-term liquidity of these high-value assets.