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US firm Claremont Creek closes second early stage fund on $175m03/10/2008. Source: AltAssets. 
 Oakland, California-based venture capital firm Claremont Creek Ventures has closed its second fund, Claremont Creek Ventures II, on $175m.
The firm makes early stage investments in IT start-ups in the healthcare, security and mobility sectors. Claremont Creek typically invests between $500,000 and $3.5m in Series A rounds, with the potential to invest in later rounds.
All of the firm's existing investors have committed to the new fund, according to a statement. Limited partners include Harvard Management Company, The Regents of the University of California and Verizon Pension Fund.
Nat Goldhaber, managing director, Claremont Creek, said, 'We seek out good entrepreneurs with great ideas - often investing and partnering with them at an earlier stage than would most venture capital firms. In addition to capital, we invest time and insight drawn from our own management experience, increasing our companies' odds of success by providing strategic assistance. The ability to build great companies from the ground up is what differentiates investment funds.
'We are pleased that our limited partners agree that we have got the right strategy even during hard economic times. Our job is to create new jobs, new technologies and great American companies,' he added.
Claremont Creek closed its first fund, Claremont Creek I, in 2005, on $130m.
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