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Scale Venture Partners Announces Final Close Of Scale Venture Partners II
A Dozen Limited Partners Join $400 Million
Fund
Wednesday, March 7, 2007
Foster City, Calif -- March 7, 2007 -- Scale Venture Partners (formerly
BA Venture Partners) announced today that it has completed a final
close on Scale Venture Partners II, a $400 million fund. The Scale
Venture Partners team employs a thesis-based strategy to identify
innovative development-stage technology and healthcare investments,
and collaborates with its portfolio companies to accelerate their
growth. Due to a significant response to the offering, original
limited partner Bank of America agreed to transfer its interest
in Fund II entirely, allowing Scale Venture Partners to build a
portfolio of twelve long-term Limited Partners. Bank of America
continues to be the sole limited partner for Scale Venture Partners
I, a $500 million fund.
"Throughout our fundraising process, we heard that the team and
our thesis-based approach to investing were important differentiators,"
said Kate Mitchell, Managing Director with Scale Venture Partners.
"It was gratifying to generate such strong interest, which was a
nice validation of our approach to investing and our top-quartile
results. We look forward to a long-term partnership with our new
Limited Partners, and thank Bank of America for its support throughout
the process."
Limited Partners in Scale Venture Partners Fund II include 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 several other domestic and international institutional investors.
Probitas Partners served as placement agent for the fund.
Since 2000, the ScaleVP team has delivered top-quartile results
by implementing a thesis-based approach to investing in technology
and healthcare companies. The team prefers to invest at the turning
point when companies need expertise to help them significantly increase
the growth of their business. The ScaleVP team has consistently
focused on identifying companies that take innovative approaches
to addressing market opportunities in sectors such as consumer electronics,
software-as-a-service, and healthcare companies that are repurposing
already approved drugs.
About Scale Venture Partners
Scale Venture Partners employs a thesis-based strategy to identify
innovative development-stage technology and healthcare investments.
The ScaleVP team works with technology and healthcare companies
to accelerate their growth and become more valuable to entrepreneurs,
investors and consumers. Based in Foster City, California, the ScaleVP
team collectively offers decades of technology and venture industry
experience to development-stage companies in hardware, software,
healthcare and medical devices. Representative portfolio companies
include Alimera, Frontbridge, Glu Mobile, Good Technology, Monolithic
Power Systems, Omniture, Orexigen, Placeware, ScanSafe, Seattle
Genetics, Somaxon, Wayport and Xceive. For more information, visit
www.scalevp.com
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