Israeli tech-focused buyout firm Viola Private Equity has closed its second fund at its targeted $250 million, the firm announced today. However, according to the firm, Viola Private Equity II may remain open up to $300 million.
The limited partners for Fund II include institutional investors and family offices from the U.S., Asia, Europe and Israel.
Fund II will back 10 to 12 growth-stage companies with an average investment ranging from $20 million to $40 million.
Last month Viola invested $12.5 million from its newest fund in GlassesUSA.com, a New York City-based online retailer that sells prescription eyewear.
Previously, Viola raised $164 million for its first fund, according to data provider Bison. A spokesperson for the firm said the fund closed in 2008. No further performance data was available.
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