SVB Capital raises $963m

The Santa Clara fund of funds manager has raised capital for its tenth vehicle.

Fund name: Strategic Investors Fund X
Amount raised: $962.55 million
Target size: $1 billion
Launch date: November 2019

SVB Capital has raised $962.55 million for Strategic Investors Fund X, according to a Form D filed by the firm. Capital raised by the fund will be used to target diversified sectors throughout North America.

Fund X has received commitments from several institutional investors, including $75 million from Florida Retirement System Trust Fund and €23 million from Ireland Strategic Investment Fund.