HRJ Capital has collected $55 million from 61 investors toward a new fund, according to a regulatory filing. HRJ Growth Capital II (NQ) is a parallel fund to HRJ Growth Capital II, which has raised $121 million from 79 investors. The target for both funds combined is $210 million.
The fund-of-funds was founded in 1999 by former San Francisco 49ers teammates Harris Barton and Ronnie Lott and has raised nearly $900 million over 13 funds.
Earlier this year, the Woodside, Calif.-based firm parted ways with four-time Super Bowl champ Joe Montana, who started out as a limited partner in the fund-of-funds and then joined as a managing partner in 2000. Montana’s departure in March owed to his other commitments, CFO Jeff Bloom said at the time.
HRJ has backed funds managed by Kleiner Perkins Caufield & Byers, Summit Partners and Sequoia Capital. It was excluded from Sequoia’s newest early stage fund, Sequoia Capital XII, which is said to have rejected investments from virtually all fund of fund managers. HRJ has also invested in real estate funds and in such buyout firms as Bain Capital, Blackstone Group and Kohlberg Kravis & Roberts.
HRJ’s LPs include professional athletes and institutions such as Cornell University, GIC and the Henry J. Kaiser Family Foundation. —Alexander Haislip