RRE Ventures closes $280 mln for sixth fund

New York-based RRE Ventures has raised $280 million in the final close of its sixth fund. Its LP base includes financial service firms, insurance companies, family offices, foundations and endowments.


NEW YORK, April 29, 2014 /PRNewswire/ — RRE Ventures, LLC (“RRE”) is pleased to announce that it has successfully held the final closing of RRE Ventures VI, LP (“RRE VI”) with capital commitments of $280 million.
RRE is a leading venture capital firm headquartered in the New York metro market. The firm invests in companies that leverage technologies to disrupt and transform many of the world’s major industries.
Led by Co-Managing Partners James D. Robinson IV and Stuart J. Ellman, RRE has organized and managed six funds since its founding in 1994, with total capital commitments in excess of $1.3 billion.
Fundraising for RRE VI was completed in approximately six weeks. “We are grateful for the enthusiastic support we received from the Limited Partner community” said Jim Robinson, Co-Managing Partner of RRE. “Our investment strategy and track record stand out in the venture capital industry. Demand substantially exceeded our target but we but we capped the fund at an optimal size for our strategy.”
The RRE VI investor base is diversified geographically with representation from the United States, Europe, Asia and the Middle East. The Fund includes a broad mix of corporate funds, financial service and insurance companies, family offices, endowments, foundations and substantial individual investors.
Co-Managing Partner Stuart Ellman said: “For entrepreneurs seeking early-stage capital, RRE Ventures stands out as a partner. Our reputation for working hard for our entrepreneurs and proactively opening doors in the industries undergoing transformative change continues to give us a competitive advantage.”
RRE VI’s investment program is underway, with several core and seed investments under review. RRE has built an enduring franchise capitalizing on the many ways technology is changing everyday life. RRE VI reinforces the firm’s commitment to its family of entrepreneurs, the companies they are building, and the visionary Limited Partners who support our mission.
Proskauer has provided legal counsel for RRE VI.
For more information, please visit www.rre.com or call Will Porteous or Jay Hass on 212-418-5100.