(This story was originally posted Jan 3. 2007.)
BA Venture Partners, a Foster City, Calif. venture capital firm, said it today it has relaunched as Scale Venture Partners.
The name change comes because the firm’s initial investor, or limited partner, Bank of America, has become a minority investor in the firm’s second $400M fund.
[Update: Scale told VentureBeat yesterday that Bank of America has since withdrawn entirely from the latest fund. Scale said its investors are the following: Credit Suisse, Key Capital Corporation, Lexington Partners, Liberty Mutual, Macquarie Global Private Equity Fund, Montague Newhall, Pantheon Ventures and its affiliates, Paul Capital Partners, Storebrand, and others.]
BA Ventures said it has performed in the “top quartile” of venture capital firms, and finished last year with eight of the companies it backed going public or getting sold.
IPOs included Somaxon (NASDAQ: SOMX) and Omniture (NASDAQ: OMTR), and acquisitions included Outer Bay (acquired by Hewlett Packard), Good Technology (acquired by Motorola), Entone (acquired by Harmonic) and US HealthWorks (sold to a buyout consortium). In addition, Glu Mobile and Orexigen each filed S-1 documents in December 2006 for upcoming IPOs.