FTVentures raises $512M fund, short of its $600M target
FTVentures, the San Francisco and New York venture capital firm that invests in companies serving the financial industry, has finished raising $512 million in new funds, falling short of its initial goal of $600 million.
We mentioned the fund would probably fall short here. The firm did not mention the reasons for its shortfall.
As mentioned, investors in the new fund so far include Liberty Mutual and RHM Pension Trust.
Partners include Brad Bernstein, Eric Byunn, Ben Cukier, Richard Garman, Jim Hale, David Haynes, Bob Huret, Derek Lemke-von Ammon and Chris Winship.
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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.
