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US Western Technology closes eleventh venture debt fund on $500m

28/09/2004Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityUS Western Technology Investment has announced the final close its eleventh venture debt fund with $500m of commitments. The firm now has over $1bn under management.

The fund will continue the Western Technology's strategy of venture lending to start-up and emerging growth companies in the communications, life sciences, software and semiconductor industries.

Since its inception in 1980, Western Technology Investments has committed over $1.6bn to more than 600 companies. The firm's portfolio companies include Google, Juniper Networks, IDEC Pharmaceuticals, Cerent and Brocade.

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