PRINT THIS PAGE Scale Venture Partners closes $400m Fund II08/03/2007. Source: AltAssets. 
Foster City, California-based Scale Venture Partners, formerly known as BA Venture Partners, has closed its latest fund, Scale Venture Partners II, on $400m. The fund focuses on development stage technology and healthcare investments. 'Due to a significant response to the offering, original limited partner Bank of America agreed to transfer its interest in Fund II entirely, allowing Scale Venture Partners to build a portfolio of 12 long-term limited partners,' the firm said in a statement.
Limited partners in Scale Venture Partners Fund II include Credit Suisse, Key Capital Corporation, Lexington Partners, Liberty Mutual, Macquarie Global Private Equity Fund, Montague Newhall, Pantheon Ventures and its affiliates, Paul Capital Partners, and Storebrand.
Bank of America continues to be the sole limited partner for Scale Venture Partners I, a $500m fund.
Kate Mitchell, managing director with Scale Venture Partners, said, 'It was gratifying to generate such strong interest, which was a nice validation of our approach to investing and our top-quartile results. We look forward to a long-term partnership with our new limited partners, and thank Bank of America for its support throughout the process.'
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