Crosslink Capital said it raised $320 million for its latest fund. Crossover Fund VI will be actively invested through April 30, 2018 and 6% of total funding has been committed by Crosslink’s General Partners and employees. Crosslink, of San Francisco, is s venture capital and growth equity firm with over $1.8 billion in assets. Investments include Pandora, Ancestry.com and Omniture.
Crosslink Capital, a leading venture capital and growth equity firm, today announced the closing of Crossover Fund VI, L.P., at $320 million, bringing the firm’s capital under management to $1.8 billion. Crossover VI will mirror the strategy of its predecessor funds by integrating both private growth equity and long/short public equity investments in a single fund.
Crossover Fund VI will be actively invested through April 30, 2018. Six percent of the total funding has been committed by Crosslink’s General Partners and employees.
“The Crossover strategy is one that’s unique to Crosslink,” said Michael Stark, founder and General Partner of Crosslink Capital. “The private-public hybrid structure is a tremendous advantage. It is fully integrated and provides significant investment process-related synergies. We have successfully invested in this fashion for many years, yet the model still proves difficult for others to replicate. It has provided high relative rates of return through a variety of market cycles, including periods of both strong and weak venture capital and private equity investment returns.”
Mr. Stark noted that Crosslink has spent the better part of the past 15 years honing its comprehensive Crossover strategy, enabling its public and private teams to seamlessly contribute their highest-conviction investment ideas.
Crosslink is specifically structured to provide a strategic advantage for equity investing into growth companies. Its private equity practice combines the best of active involvement and early-stage VC investing with the directed sector focus and risk/return analysis of other forms of private equity investing. Crosslink combines this expertise with the public investing team into one integrated and collaborative firm. The result is a dual-view investment research process which provides unique insights into an industry or theme. The outcome is better risk/return judgments for all investments, public and private, that have provided high relatives rates of return in both periods of strong and weak market environments.
About Crosslink Capital
Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over $1.8 billion in assets. Crosslink, which traces its roots back to 1989, was among the first and largest investment firms in the U.S. to integrate public and private growth/technology investing in three families of funds: venture capital funds, long/short hedge funds and a unique hybrid crossover fund. This strategy allows Crosslink to partner with its portfolio companies on a long-term basis. With more than 20 years behind it, Crosslink Capital has invested in over 100 private equity portfolio companies, at the early, mid, and late stages including Pandora (NYSE: P), Ancestry.com (NASDAQ: ACOM), Omniture (acquired by Adobe Systems), Equinix (NASDAQ:EQIX), Carbonite (NASDAQ: CARB), SeaMicro (acquired by Advanced Micro Devices), Intematix, Datastax and Bleacher Report (acquired by Turner Broadcasting). For more information on Crosslink, visit http://www.crosslinkcapital.com.