Cendana Has Final Close On Institutional Seed Fund Of Funds

Cendana Capital announced the final close of a pair of seed-based fund of funds on Friday. The institutional seed investor now has raised $88.2 million and taken a position with nine investment partnerships. The final close announced Friday in a document filed with Securities and Exchange Commission was on $28.2 million raised by Cendana Capital L.P.

Cendana also on Friday filed an updated Form D for its $60 million Cendana Co-Investment Fund, of which the University of Texas Investment Management Company is the sole limited partner.

Managing Partner Michael Kim said he so far has invested in nine seed investment firms: IA Ventures, PivotNorth Capital, Freestyle Capital, SoftTech VC, K9 Ventures, Forerunner Ventures, Founder Collective, Lerer Ventures and Accelerator Ventures. He said his goal is to be among the largest LPs in funds he selects.

Here is a link to the Cendana Capital L.P. filing, and here is a link to the Cendana Co-Investment Fund filing.