OVP Closes Fund VII

OVP Venture Partners of Seattle and Portland, Ore. held a $250 million final close on its seventh fund. It had held a $207 million first close in May 2006, but extended the fundraising to accept commitments from the Meketa Investment Group and the College of the Holy Cross. Other new LPs include the New York State Common Fund, the Alfred I. DuPont Testamentary Trust and Olin College of Engineering, while returnees include the Oregon Public Employees Retirement Fund, the Washington State Investment Board and the endowments of Indiana University and Kenyon College. The fund portfolio already includes such companies as GainSpan Corp., Talyst Inc. and Tzero Technologies. www.ovp.com