Parthenon Capital Partners, a Boston and San Francisco-based mid-market firm, has closed its latest fund, Parthenon Investors IV LP, with $700 million in commitments, above its initial $600 million goal.
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Four months after peHUB reported that Shasta Ventures was in the market for a third fund, the Silicon Valley venture firm announced today that it has raised $265 million for Shasta Ventures III LP.
Thanks to positive IRRs on its first two funds, Shasta came in above target on its third vehicle despite a difficult fundraising environment. Shasta said in a July 15 regulatory filing that it planned to raise $200 million.
In an apparent bid to capture the attention of technology entrepreneurs, the early stage tech firm broke the fundraising news on TechCrunch, a popular technology blog. Shasta, based in Menlo Park, Calif., did not issue a press release.
Tod Francis — co-founder of the firm and one of …
The secondaries market is heating up, with price increases causing some to consider strategic sales and others to buy, according to Pension & Investments.
Prices have been rising for the last 9 to 12 months to about 90% of face value and prices are now expected to level off, the story said. Among those looking to sell some of their PE holdings include the Illinois Teachers’ Retirement System and the Public Sector Pension Investment Board of Montreal.