Lara Banks
Managing Director, Head of Private Equity at Makena Capital Management, LLC
· Menlo Park, CA
Check size
Undisclosed
Lead stage
Venture
Deals tracked
3
Sectors
Software, SaaS
Software
SaaS
Private Equity
Venture Capital
Venture
Growth
Buyout
United States
About Lara
Lara Banks is a Director at Makena Perpetual Venture Capital Fund, L.P., a venture capital firm with $1.9B deployed. She is an active allocator focused on Software and SaaS investments across the venture capital spectrum. Banks brings institutional investment experience to early and growth-stage software companies
Investment thesis
LP allocator backing private equity and venture managers with a long-term, perpetual-capital approach.
Lara Banks leads Makena's private equity allocation strategy as Managing Director and Head of Private Equity, responsible for day-to-day portfolio management and manager selection across private equity investments. Makena is an LP allocator managing long-term, perpetual capital for endowments, foundations, family offices, and institutional investors. The firm partners with these clients through Outsourced CIO, Private Asset Partner, or Complementary Allocation models, balancing long-term capital appreciation with downside risk management and institutional funding obligations. Makena's distinctive structure and multigenerational team provide the disciplined governance and long-term perspective required for managing diversified, endowment-style portfolios across public and private asset classes
Investment philosophy
Lara Banks leads Makena's private equity and venture allocation work, focusing on manager selection, portfolio construction, and long-duration capital deployment across private markets. Her public comments emphasize disciplined manager evaluation, avoiding strategy drift, and using a perpetual-fund structure to recycle cash flows into new investments.
Investment focus
Lara Banks focuses on Software and SaaS companies as an active allocator at Makena Perpetual. Her investment thesis centers on identifying and supporting software-driven businesses with scalable business models
Areas of expertise
Recent activity
Live platform data · proprietary, citable layer
Notable portfolio
Makena Perpetual Venture Capital Fund, L.P
Makena Perpetual Venture Capital Fund, L.P.
Frequently asked
Does Lara Banks invest at Venture stage?
Yes. They invest at Venture, Growth, Buyout stage.
Their geographic focus includes United States.
What is their typical check size?
Check size is not publicly disclosed. They currently invest through Makena Capital Management, LLC.
What sectors does Lara Banks focus on?
Lara Banks primarily invests in Software, SaaS, Private Equity, Venture Capital.
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