Horsley Bridge closes $1.76B fund of funds
Horsley Bridge Partners, a San Francisco firm that invests in venture capital and other private equity firms, has closed its ninth “fund of funds” with a total of $1.76 billion, according to VentureWire.
Horsley Bridge is best known for its relationship with venture firms like Kleiner Perkins Caulfield and Byers and Foundation Capital, but it has been expanding to invest in more growth equity and buyout funds. The Indiana Public Employees’ Retirement Fund contributed $75 million to the first close of this round, which was for $975 million.
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About the Author, Anthony Ha
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
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