HRJ Capital, the fund-of-funds founded by former football stars, raised more than $110 million in March for investing in venture capital funds in the United States and overseas, according to regulatory filings.
In one filing, HRJ states that 64 stakeholders invested $78 million in HRJ Capital VC V. In a separate filing, HRJ disclosed that it raised $33.6 million from 69 investors for HRJ Capital VC V (Foreign), which targets foreign investments. Neither of the filings list a target, though the firm raised more than $155 miilion combined for similar VC focused funds-of-funds in 2005.
Also in March, HRJ submitted a regulatory filing disclosing its intent to raise an undisclosed sum of money for two buyouts-related fund-of funds, HRJ Global Buyout III (Asia) and HRJ Global Buyout III (Europe). In addition, HRJ is trying to score $500 million for a global buyout fund-of-funds
HRJ reps did not respond to requests for comment.
Formerly known as Champion Ventures, HRJ Capital was co-founded in 1999 by San Francisco 49ers quarterback Joe Montana, along with two teammates, offensive lineman Harris Barton and safety Ronnie Lott. The firm takes its name from their first initials. Montana has since left the firm but is listed on the firm’s website as an “Equity Partner.”
The firm has offices in Woodside, Calif., New York and Chicago. Placement agent E.L.K. Capital Advisors is assisting in fund-raising efforts. —Joanna Glasner