Crosslink Out for Combo Fund


Crosslink Capital has begun raising its fifth fund with the intention of splitting the $600 million investment vehicle equally between venture deals and hedge fund-like public market investments. The fund will be more than twice the size of the $280 million Crosslink Crossover Fund IV, raised in 2003.

The San Francisco-based firm currently invests from three parallel vehicles. They include one that the firm uses to invest in public companies, one to invest in startups and a third that splits its money between the other two funds.

Until then, the majority of the money from fund V will go toward public market investments. The venture team expects to call down money from the hedge fund team as the fund matures.

PE Week subscribers can read the whole story in today’s issue.