European venture major Balderton Capital has officially signalled its intent to return to the fundraising market through the launch of its fifth fund.
The firm has registered Balderton Capital V as a Guernsey-based vehicle with the US Securities and Exchange Commission, although is yet to fully incorporate the fund according to a filing.
No target is given for the vehicle, but UK newspaper the Daily Telegraph reported earlier this year that the firm was eyeing to collect slightly less than the £285m it hit through a first close for its fourth fund in 2008.
It said Balderton planned to make smaller investments in a wider range of portfolio companies through the new vehicle to spread risk and take advantage of a growth trend in European tech businesses.
A separate report by Reuters said the new fund would target $400m (£258m) according to Thomson Reuters data.
No one at Balderton was available for comment.
The firm currently manages about $1.9bn across its four funds, with the bulk of its capital coming from university endowments, charitable foundations and pension funds.
It was founded as Benchmark Europe in 2000 by Silicon Valley-based venture firm Benchmark Capital, but spun out as an independent business in 2007.
Balderton’s previously gathered $500m for its 2000 debut fund, $375m for its second vehicle four years later, and $550m for Fund III in 2006.
Its recent investments include £2m for UK landlord software platform Rentify and leading a $7.5m Series A round for UK web data analysis company QuBit.
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