Wilton”™s Commonfund Capital has closed its 13th venture capital fund at its hard cap of $625 million.
“We are very appreciative of the continued support from our mission-driven and membership-based investors,” said Aaron Miller, the firm”™s managing director and head of venture capital. “The combination of our industry relationships, dedicated focus and access as well as our information advantages should enable us to support the innovation economy and drive returns for our investors.”
Consistent with its 12 predecessor funds, CVP XIII is expected to deploy the majority of its committed capital to established, early stage global venture capital funds while also directly investing in mid-stage, high growth companies in the information technology, consumer and healthcare sectors.
The fund will opportunistically invest in secondary purchases of funds and companies.