At a time when limited partners are being stingy with their venture dollars, Charles River Ventures just announced it raised $320 million for its fourteenth fund, Charles River Partnership XIV. (The last fund it raised was $285 million in April, 2007). With the new fund, the firm now manages $2.1 billion.
Raising any capital in this environment is an achievement in itself. But CRV has been able to return $600 million to its limited partners over the past two years. Some of the bigger liquidity events during that time included the IPOs of BigBand Networks, Netezza, and Virtusa, as well as the acquisitions of EqualLogic to Dell (for $1.4 billion), Acopia Networks to F5 Networks (for $210 million), and Compete to TNS (for $75 million).
Current investments include Geni, Nantero, Scribd, Social Media, Twitter, Vlingo and Yammer,
Earlier this month August Capital was also able to raise a new fund. Keep an eye on the VCs who are able to raise money post-financial collapse. They are the ones with recent positive returns.
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