Crosslink Capital Closes $400 Million Crossover Fund V
The Largest Fund of Its Kind
SAN FRANCISCO--(BUSINESS WIRE)--Crosslink Capital Inc., a leading multi-stage technology venture capital and growth equity firm, today announced the closing of Crossover Fund V, L.P., bringing the firm’s total capital under management to more than $1.4 billion. A select group of new investors joined existing investors in the new fund, which was capped at $400M. With Crossover V, the firm will continue its strategy of investing in both public and private companies in the alternative energy, core technology, communication services and Internet services sectors.
“For nearly a decade Crosslink Capital has refined its strategy of crossover investing and has developed tightly cohesive and collaborative teams focused on all stages of private and public growth equity investing”
“For nearly a decade Crosslink Capital has refined its strategy of crossover investing and has developed tightly cohesive and collaborative teams focused on all stages of private and public growth equity investing,” said Michael Stark, co-founder and General Partner. “We believe that this Fund is the largest crossover fund ever raised, which is a true hybrid of public and private securities. Our strong historical results in our Crossover funds since 1995 have enabled this successful fundraising. We believe this investing strategy represents a superior risk-adjusted way to invest in growth equities.”
Crossover Fund V seeks to capitalize on growth equity opportunities in industries where the firm has unique insights and/or deal flow. The fund will invest in companies at all stages of development from very early, seed stage private financings to public equity investments.
Crosslink Capital was among the first investment firms in the U.S. to integrate public and private technology investing. Their “crossover” investing model provides the advantage of leveraging the firm’s core strengths – industry knowledge, strong networks and a deep understanding of specific markets – and exploiting great investment opportunities throughout an entire market segment rather than focusing exclusively on venture capital or the public markets.
In alternative energy, for example, the Crossover Fund team has made four private investments, in two alternative lighting companies, and in two solar panel manufacturers. On the public side, the company was an early investor in public company First Solar (Nasdaq: FSLR), which has been a core position since its IPO.
About Crosslink Capital
Founded in 1989, Crosslink Capital is a leading multi-stage technology venture capital and growth equity firm with over $1.4 billion in capital under management. Crosslink was among the first investment firms in the U.S. to integrate public and private technology investing. This strategy allows Crosslink to partner with its portfolio companies on a long-term basis. With more than 17 years behind it, Crosslink Capital has invested in over 90 private equity portfolio companies, including such industry leaders as Equinix (Nasdaq: EQIX), BlueArc, Magma Design Automation (Nasdaq: LAVA), Miller Heiman and Yipes (acquired by Reliance Communications). For more information on Crosslink, visit http://www.crosslinkcapital.com.