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.
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