PRINT THIS PAGE US firm Institutional Venture Partners targets $250m for new fund24/05/2004. Source: AltAssets. 
 US firm Institutional Venture Partners (IVP) has launched its second fund since rebuilding its team and shifting its focus to later-stage information technology companies. The firm is targeting a minimum of $250m and has capped the fund at $325m.
IVP originally invested in both early-stage and later-stage investments in IT and healthcare companies. In 1999, ten members of the team span-out to form two new venture firms, Redpoint Ventures, which invests only in IT, and Versant Ventures, which invests only in healthcare. But IVP rebuilt its team and held a final closing on $225m in 2001.
Limited partners in the 2001 fund include the Development Bank of Singapore, Dow Chemical Company Retirement Trust, Grove Street Advisors, St. Paul Venture Capital, Stanford Management Company, Union Carbide and the University of Toronto.
Copyright © 2004 AltAssets
|
