Buyout firm Vector raises $1.2 billion fund

July 17, 2007 | Matt Marshall

Vector Capital, a San Francisco buyout firm, has raised its fourth fund, totaling more than $1.2 billion.

The firm’s previous fund, totaling $350 million, was raised in 2005 before the latest onset of the buyout boom, which has seen firms amass ever larger amounts of capital. They’re buying out companies, taking them private and then hoping to sell or take them public again for a profit.

Asked why he is raising so much capital, Partner Alex Slusky said he didn’t think it was that much given the opportunities available. Vector also raised more money to avoid the need for Vector’s investors to co-invest along side Vector in its bigger deals.

He said Harvard University is a new investor.

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About the Author, Matt Marshall

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.