Benchmark Cancels Plans for Third Israel Fund
Benchmark Capital will not raise a third fund focused on Israel, according to an Israeli press report. Silicon Valley-based Benchmark launched its Israeli affiliate in 2001 with a $260 million fund, and raised a $250 million follow-up in 2005. In a June 2008 interview with Private Equity Week, Benchmark partner Steve Spurlock said that Benchmark Israel would return to the fundraising market in 2009. This was despite the Israeli affiliate's then-recent loss of two founding partners: Mark Kremer and Nachman Shelef. It's unclear if Fund III launched and stalled, or never began at all.
10 January 2010•2 mins read
