Worldview IV exceeded firm's goals

February 6, 2001

1 Min Read

PALO ALTO, Calif. -- Worldview Technology Partners today announced the closing of Worldview IV, a $1 billion venture capital fund. Despite an uncertain investment climate, Worldview exceeded its fund-raising goals. The original target for Worldview IV was $850 million, but due to strong investor demand Worldview increased the fund to $1 billion and still turned away many investors. Among the institutional investors in Worldview IV are Stanford University, Hewlett-Packard Co., International Business Machines, The MacArthur Foundation and Horsley Bridge, a "fund of funds" that invests in leading venture capital funds on behalf of institutional investors seeking greater diversity.

"The venture capital environment is tougher today, but institutional investors are still interested in aggressively investing in venture capital-backed companies through well-managed and innovative venture funds that are adept in targeting the right companies in the right markets in information technology," said James Wei, one of Worldview's founding partners.

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