US August Capital has closed August IV, a venture capital fund with $550m of committed capital. The firm will continue focusing on its successful early-stage venture capital and larger private equity investment strategy.
Dave Marquardt, August Capital general partner, said, ‘We have already made three investments out of this new fund which is $100m larger than our previous fund. August IV has the best team and limited partners in the business.’
Andy Rappaport, also an August Capital general partner, added, ‘The structure of our August Capital IV fund allows us the flexibility to capitalise early-stage companies as well as to participate in attractive larger private equity transactions, such as management buy-outs. Our historical investments range from a few hundred thousand dollars to more than $100m. We believe this capability is unique in our business.’
August Capital, funded in 1995, is a technology investment firm. August Capital now has $1.3bn under management.
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