Commonfund Capital has closed Commonfund Venture Partners XIII (CVP XIII) at its hard cap of USD625 million. The oversubscribed fund had strong participation from existing investors, as well as select new institutional limited partners. Investors in the fund include foundations, endowments, pensions, healthcare systems and family offices.
Consistent with its twelve predecessor funds, CVP XIII is expected to deploy the majority of its committed capital to established, early stage global venture capital funds while also directly investing in mid-stage, high growth companies in the information technology, consumer and healthcare sectors. The Fund will opportunistically invest in secondary purchases of funds and companies.
