Tuesday, October 28, 2008

Yaletown's New Fund: The New Kind of Closing

Vancouver's Yaletown Venture Partners made it official today, issuing a press release about a first closing on their $100 million fund. They have $65 million in committed capital for early stage clean tech and IT.

Today's release - aimed at both potential investees and potential limited partners - is an interesting reflection of the times. Three years ago, a VC generally woudln't announce that one could only raise 2/3 of the fund it marketed. Now, it's an achievement to be celebrated.

The fund is open for additional LP investmetns for another 12 months.

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