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Jerusalem Global Ventures to launch $200m growth equity fund29/11/2007. Source: AltAssets. 
 Jerusalem Global Ventures has announced that it will soon be launching its JGV Growth Equity Fund, a fund with a $200m target. A first closing is scheduled for April 2008.
The new fund will invest $5-20m in private Israeli-related technology companies with late stage financing needs of $10-50m.
Dr Shlomo Kalish, founding partner, Jerusalem Global, said, 'Think of this fund as a barbell. On one end we have foreign financial institutions that do not have staff on the ground in Israel but have expressed interest in co-investing with us. On the other end we have investment banks that would like to establish a strategic relationship in order to help prepare our portfolio companies for an IPO. The fund is the connecting rod in the middle, using the manager's network and expertise to source and invest in quality deals.
'There are some interesting things going on in Israeli technology. The number of private companies with revenue of more than $10m has exploded, and we see more in the pipeline. Yet, there is still pressure for such firms to exit too early. This fund will help successful companies bridge that gap and get to a point where they can realise their full value,' Dr Kalish added.
Dr Kalish founded Jerusalem Global in 1994. The firm currently manages two sector funds launched in 1999.
Copyright © 2007 AltAssets
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