Jerusalem Venture Partners closes $400 million fund

November 19, 2001--Jerusalem Venture partners (JVP) (New York), a communications venture capital firm, today announced the closing of JVP IV, at $400 million, the largest fund in the firm's history. The fund has already spawned seven new companies.

November 19, 2001--Jerusalem Venture partners (JVP) (New York), a communications venture capital firm, today announced the closing of JVP IV, at $400 million, the largest fund in the firm's history. The fund has already spawned seven new companies.

JVP also announced that several new limited partners including HarbourVest, Adveq, and Technion, are contributing significant funds to JVP IV. JVP's limited partners comprise an international network which includes France Telecom, Infineon, Boeing, Nortel Networks, Reuters, Columbia University, MIT, Flag Venture Partners, Horsley Bridge, and AXA. The Government of Singapore, Jafco, and Temasek in Asia join long-standing Israeli investors such as Bank Leumi and Hebrew University in their commitments to JVP IV.

JVP recently participated in a $161 million round of debt and equity funding to help its portfolio company cogent Communications purchase Allied Riser Communications, a public company offering broadband networked services directly to large office buildings. Through this strategy and others, JVP is creating new access to public markets and liquidity for its investors in one of the most difficult financial climates in the last decade.

More in Business