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Blackberry VC fund manager ATP re-brands, gears up for $150m fund

21 Mar 2012

ATP Capital, the manager of JLA Ventures, Clairmont Capital and the venture capital arm of mobile giant BlackBerry, has re-branded itself as Relay Ventures and opened a new office in Silicon Valley, as it gears up to launch a new $150m fund that will target opportunities in the mobile computing space.

The new mobile fund, a successor to the BlackBerry Partners Fund raised in 2008, will continue to be an independently managed, platform agnostic, early stage venture fund with a singular focus on mobile computing, it said.

The vehicle’s lead investor is Northleaf Capital Partners, one of Canada’s largest institutional investors, along with corporate limited partners including Corus Entertainment, Thomson Reuters and Blackberry parent company Research In Motion.

“This re-branding initiative finally unifies the three brands that we’ve been operating under and the more than $800m in capital that we’ve raised,” said Kevin Talbot, co-managing partner at Relay Ventures. “Our new brand brings unity and clarity to our mandate as an early stage venture investor.”

While almost half of the firm’s investments made to date have been in the San Francisco Bay Area, the firm will now operate from a permanent office in Menlo Park.

Kevin Talbot, who has been an active investor in Silicon Valley since 2001, recently relocated to the Bay Area from Toronto. Joining him as a partner in the new office is John Occhipinti, who was previously a partner with early stage firm Woodside Fund.

Blackberry Partners also invests through a China-focused fund in conjunction with Chinese private equity and venture capital firm China Broadband Capital Partners. Launched in 2010, the $100m fund targets mobile investment opportunities in the region.

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