Knightsbridge Spawns FoF

Four former principal investors of Knightsbridge Advisors, a fund-of-funds focused on U.S. venture capital, have resurfaced to launch a new fund-of-funds, according to a regulatory filing.

Managing Principals Judith Elsea, Tim Bliamptis and Brad Hammond and Principal Sandra Wallis are co-founders of Weathergage Venture Capital Management Partners. Each of the investors had worked at least five years at Knightsbridge before they left sometime after June 2006 to launch the new FoF, which presumably will invest in VC funds.

San Francisco-based Weathergage is looking to raise $200 million for its first fund, called Weathergage Venture Capital, according to regulatory filings. No other details about the fund were available.

The firm’s effort comes on the heels of a fundraising slowdown.

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