Horsley Bridge closes Fund IX on $1.76bn

The UK’s Railpen, Denmark’s PFA pension, and The Indiana Public Employees Retirement Fund were among the limited partners that committed to the fund of funds.

Fund of funds specialist Horsley Bridge Partners closed its ninth fund on $1.76 billion (€1 billion) several months ago, managing director Fred Giuffrida has confirmed.

While he said the capital was raised without the aid of a placement agent, Giuffrida declined further comment.

The growth equity-focussed and venture capital-focussed fund of funds attracted commitments from limited partners including The Indiana Public Employees Retirement Fund, Danish pension PFA Pension, and the UK’s Railways Pension Trustee, according to sister data site PrivateEquityConnect.com

Headquartered in San Francisco, Horsley Bridge was established in 1983 and has invested with managers including Accel Partners, Benchmark Partners, Terra Firma Capital Partners, Foundation Capital, Index Ventures and BC Partners.

The firm closed its eighth general fund of funds on $1 billion in 2005, and its third international fund on $578 million in 2004, according to Capital IQ.