Latest Oak Investment Partners Fund Aims For June Close
Oak Investment Partners is confident it will close on $1.5 billion for its eighth thirteenth venture capital fund in the coming weeks, a source tells peHUB. At $1.5 billion, the fund would be a significant drop from its prior pool of capital, a $2.56 billion fund that closed in 2006. That even an established venture firm like Oak Investment Partners would lower its fund size during the current environment is no surprise. Recently, fellow venture capital giant NEA cut its fund target from $3.5 billion to $2.5 billion because of difficulties in the market. Moreover, Oak recently took a beating from VentureBeat, which said some of its investments looked “extremely risky, if not ridiculously so.” The article named HuffingtonPost, Babystyle, Visto
