PRINT THIS PAGE US Morgenthaler closes new venture/buy-out fund on $450m18/10/2005. Source: AltAssets. 
 US venture capital and buy-out specialist Morgenthaler has closed its eighth fund on $450m. As with Morgenthaler's previous funds, MPVIII will be invested jointly by its venture capital and buy-out teams.
Bob Pavey, managing partner at Morgenthaler, said, 'We have seen many cycles in this business, and feel fortunate to be investors at this time of great innovation, change, and opportunity.'
Morgenthaler expects to invest the new fund over roughly a three-year period.
Morgenthaler's venture capital team will continue to focus on information technology and life sciences investments. The firm's venture-capital team consists of 11 partners and and is headquartered in Menlo Park, California, with additional offices in Boulder, Colorado; Boston, Massachusetts; and Princeton, New Jersey.
Its buy-out team, based in Cleveland, Ohio and Boston, Massachusetts, will focus on middle-market, management-led buy-outs primarily in the areas of highly-engineered content and manufacturing, and business services. Morgenthaler's buy-out team consists of nine investment professionals.
The firm closed its seventh fund on $850m four years ago.
Morgenthaler has approximately $2.5bn under management. It has funded approximately 250 companies over its 37-year history.
Copyright © 2005 AltAssets
|
