REDWOOD CITY, Calif. – Draper Fisher Jurvetson Fund VI late last summer closed on $400 million – $375 million from limited partners and $25 million from the firm’s managing directors. Once existing limited partners were informed about the new fund, the vehicle completed fund raising in three weeks, said Managing Director Tim Draper. While Fund […]
WASHINGTON, D.C. – Arlington Capital Partners is on the fund raising trail for its first vehicle, Arlington Capital Partners L.P., targeted at $425 million to $450 million. A final close is expected in late November, said Jeffrey Freed, a general partner at the firm. Arlington Capital was founded in March when fund raising began for […]
BOSTON – With approximately 90% of its ninth venture fund committed, Greylock Management Corp. intends to raise its tenth fund in the next three to six months, with a likely target of $400 million, said General Partner Aneel Bhusri. While most firms typically initiate the fund raising process after current funds are 75% invested, Greylock […]
CAMBRIDGE, Mass. – MPM Asset Management has launched a sophomore effort, Bio Ventures II Group of Funds, targeted at $300 million to $400 million, a majority of which already has been soft circled, said Ansbert Gadicke, a general partner at the firm. The vehicle, expected to close at the end of the first quarter, will […]
BOSTON – The Schroder Ventures International Life Sciences Fund II in late September reached a $280 million wrap on its core fund and in early October held a $30 million close on three related side funds. Fund II had a $200 million target and a $250 million cap, but the firm negotiated with limited partners […]
RADNOR, Pa. – Cross Atlantic Capital Partners Inc. has launched its inaugural Cross Atlantic Technology Fund, L.P., which is targeted at $150 million and will invest in the United States, the United Kingdom and Ireland. The firm expected a first close on $50 million in October and a final close before the end of the […]
NEW YORK – Atlantic Venture Partners is raising an inaugural fund targeted at $50 million to $75 million. The firm held a first close on more than $20 million in September and expects to have an additional one or two closes before a wrap sometime before March 2000, said Ross Goldstein, a managing partner at […]
BEIJING – The flurry of contradictory headlines in September concerning China’s ban on foreign Internet investments were as perplexing as they were numerous. The confusion began when Minister of Information Industry Wu Jichuan announced that an existing government ban would be enforced on overseas investments in mainland Internet companies, which would affect Internet Service Providers […]
BOSTON – Ascent Venture Partners III L.P. notched a $50 million first close in early October, and Managing Director Leigh Michl expected the vehicle to wrap at its $125 million target by year’s end. Launched in May (VCJ, July, page 18), the fund is the first effort of Ascent Venture Management Inc., the venture capital […]
MENLO PARK, Calif. – Delphi Ventures at the end of October was set to begin raising Delphi Ventures V, targeted at $175 million to $200 million. The fund is expected to hold a first and final close in the first quarter of next year, said James Bochnowski, a general partner at the firm. Delphi Ventures […]