KEYWORDS: Fund, Venture Capital Fund, Private Equity Fund, Norwest Venture Partners, NovaQuest Capital Management, Clocktower Technology Ventures, .406 Ventures, Northzone, MMC Ventures, Balderton, Unusual Ventures, Northgate Capital, CVC Capital Partners, Salesforce Ventures
FROM THE EDITOR
We are closing down all of our other media projects and re-branding as “The Capitalization Report” starting in 1q2020. We will be hosting family office and accredited investor events in Miami and Beverly Hills in December as well as attending a few Forbes Christmas parties. The Capitalization Report focus on funds being funded, and TBA Report about funding of companies that will replace “The Capital Report.”
THE CAPITALIZATION REPORT 11.23.2019 (v19.11.22)
- NovaQuest Capital Management, L.L.C, a Raleigh, NC-based healthcare and life sciences focused private investment firm, closed NovaQuest Private Equity Fund I, L.P., at $275m
- Clocktower Technology Ventures, the Santa Monica, Calif.-based venture capital arm of Clocktower Group, closed its second financial services innovation fund, with approximately $70m in capital commitments
- .406 Ventures, a Boston, MA-based venture capital firm investing in early-stage innovative enterprise technology and digital health companies, closed its fourth fund, at $294m
- Venture capital firm Northzone raised $500m for its newest fund, Northzone IX
- MMC Ventures, a London, UK-based research-led venture capital firm, launched a new £100m scale up fund
- Balderton, a London, UK-based venture capital firm, closed a $400M early stage fund
- Unusual Ventures, a Menlo Park, California-based venture capital firm that invests in both enterprise and consumer startups, closed its second fund, at $400m
- Northgate Capital, a San Francisco, CA-based venture capital investment management firm, closed Northgate Venture Partners VIII, at $120m
- CVC Capital Partners, a private equity and investment advisory firm, closed CVC Growth Partners Fund II, at $1.6 billion
- Global CRM company Salesforce (NYSE: CRM), announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund
- Norwest Venture Partners, a global venture and growth equity investment firm, closed Norwest Venture Partners XV, LP, its largest fund to date, at $2 billion
FUND PRESS RELEASE
From Norwest Venture Partners website press release: https://www.nvp.com/news/nvpxv/
PALO ALTO, Calif. – November 14, 2019 – Norwest Venture Partners, a leading venture and growth equity investment firm, today announced it has closed its largest fund to date, Norwest Venture Partners XV, LP. The new $2 billion fund targets disruptive and market-leading companies from seed to late-stage across consumer, enterprise and healthcare sectors. The launch of Norwest Venture Partners XV, which brings the firm’s total capital commitments to more than $9.5 billion, closes on the heels of a record two years, as 23 of the firm’s portfolio companies achieved notable liquidity events.
Norwest Venture Partners XV follows Norwest Venture Partners XIV, a $1.5 billion fund, which closed in February 2018. Since then, Norwest has made nearly 50 new investments across a range of stages and industries, as well as hired and promoted several investment partners.
Read more via this shortened Bitly URL: http://bit.ly/2KPadgS
Happy Investing and Networking,
JD Morris
Editor of “The Capitalization Report”
Join me on LinkedIn: https://www.linkedin.com/in/jdmorris
