Horsley Bridge closes $1.5B fund of funds
Horsley Bridge Partners, a San Francisco firm that invests in venture capital and small buyout firms, has closed a new fund of funds at $1.54 billion targeted specifically for Europe and Asia, reports VentureWire. Existing limited partners provided 95 percent of the financing, but the only one that has been disclosed so far is Kentucky Retirement Systems, which gave $50 million.
In the past, Horsley has taken funds from the California Institute of Technology, Eastman Kodak Pension Fund, New York State Teachers’ Retirement System, Rochester Institute of Technology, San Francisco Employees’ Retirement Systems and Utah Retirement Systems.
Horsley has remained quiet on its investments, though. In the past, it has chipped into Danish Odin Equity Partners, which backs companies in Denmark, Sweden and German, and to the European arm of Benchmark Capital.
The firm raised $1.76 billion last June for an American-focused fund of funds. In the U.S., it has strong relationships with Kleiner Perkins Caufield and Byers and Foundation Capital.
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