DFJ Growth collects $405.3 mln for second fund

DFJ Growth

DFJ Growth has raised $405.3 million for its second fund, called DFJ Growth 2013, according to a filing with the U.S. Securities and Exchange Commission.

The fund had been targeting $350 million, according to a SEC filing from May. Wednesday’s filing suggests the firm has surpassed its target on the fund, though it’s not clear if the fund has a hard cap. It’s also not clear if the filing Wednesday indicates a final close on the second growth fund.

A spokesperson for DFJ declined to comment.

The firm had been talking to LPs about the second fund since at least 2012, according to a prior report from peHUB.

DFJ announced earlier this year that firm co-founder John Fisher would be devoting his full attention to growth stage investments. He is listed as a key executive on the second growth fund along with Mark Bailey, Randall Glein and Barry Schuler, the former chief executive officer of AOL, according to the filing.

DFJ Growth collected $290 million for its debut vehicle in 2007, according to a press release at the time. The growth team has invested in Twitter, Tesla, Solar City, Silver Spring Networks and tumblr, among others. Most recently, the growth team co-led a $35 million Series D funding in Foursquare along with Capital Group’s SMALLCAP World Fund.

Performance information on the debut fund could not be found by press time.

In February, DFJ announced the closing of its Fund XI on $325 million after about two months in the market.

Photo courtesy of Shutterstock.

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