Started at the height of the tech bubble by two former San Francisco 49ers, Harris Barton and Ronnie Lott, HRJ Capital didn’t seem a likely candidate to survive this long. Yet after struggling through its early years, the group is now launching its sixth fund.
HRJ is often called a fund of funds, because it invests in other venture funds. It counts some well-known names among its portfolio, including Accel Partners, Benchmark Capital, ComVentures and New Enterprise Associates.
Fund VI will be split, with about $175 million going to firms in the United States and $125 million headed overseas. However, much of the capital that stays at home will go toward firms that invest in overseas efforts.
The previous round, the $275 million Fund V, was opened earlier this year, and has a similar allocation. News via VentureWire.
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