Avalon Ventures Closes Fund IX At $200M
Avalon Ventures of La Jolla, Calif., closed capital commitments of $200 million for its ninth and largest fund, Avalon Ventures IX LP. Fund IX was more than 33 percent oversubscribed compared to the original target of $150 million and virtually all institutional investors in the two preceding Avalon funds committed to the investment vehicle. Avalon Ventures plans to use the fund to continue making investments in early-stage, high tech / digital media and life science companies.
10 January 2011•2 mins read
