IPGL, founded in 1983 and based in London, invests in startups aged 4-5 years. The fund has no specific preference for the number of founders. Insurance and software are successful investment fields. Notable portfolio startups include Elvie, Juvenescence, and Singlife. The fund typically invests in rounds with 3 participants and is often financed by Victor Jacobsson, Upscale, and Sequoia Capital. In subsequent rounds, the fund is usually obtained by Ion Pacific, Commonwealth Bank of Australia, and Aflac. IPGL's important activity was in 2019, and it typically invests in startups valued at over $1 billion. The fund has a higher exit commitment rate compared to other companies. IPGL is involved in less than 2 deals per year, with deals often exceeding $100 million.