Battery Ventures Gears Up To Raise Fund IX
Battery Ventures is planning to target $750 million for its ninth fund, with a first close expected to occur in Q1 2010. No placement memoranda yet, just initial correspondence with prospective investors. This is the same amount of money Battery raised for its eighth fund in July 2007, but that fund was later supplemented with a $250 million “overage” fund. The idea was that Battery wanted the flexibility to do larger, non-syndicated growth equity or buyout deals – without destroying the
2 October 2009•1 min read
