Kensington Venture Fund commits to Sierra Ventures' Fund XI
Kensington Venture Fund, a venture fund of funds managed Canadian alternative assets firm Kensington Capital Partners, has made a commitment to the eleventh fund of Sierra Ventures, a San Mateo, Calif.-based venture capital firm. Sierra Ventures Fund XI recently closed at an oversubscribed US$170 million. Like its predecessors, Fund XI will invest in early-stage companies targeting enterprise and consumer technology markets. In mid-2015, the Kensington fund raised $237 million of its $300 million target in a third close.
27 January 2016•2 mins read
