IVP latest fund to move to later-stage investments
Institutional Venture Partners is in the process of raising at least $450 million to make later-stage venture capital investments in tech companies, making it the latest firm to find itself lured to invest in more mature companies — an area where many investors have focused lately.
VentureWire reported the news today.
IVP did well in its early years, but its partnership has changed significantly since then.
One of its more recent funds, its $225 million fund, raised in 2000, has generated a net internal rate of return of 4.2 percent, according to the California Public Employees’ Retirement System. That was a tough year for the industry as a whole, and IVP’s returns put it in the top quartile of funds in terms of a performance, according to Venture Economics.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
