Jerusalem Venture Partners announces the closing of JVP IV, the largest fund in the firm's history

November 19, 2001

1 Min Read

NEW YORK -- Jerusalem Venture Partners (JVP), a leading international communications venture capital firm, announced today the closing of JVP IV, the largest fund in the firm's history. The $400 million fund has already spawned seven new companies in the communications and enterprise software industries. JVP also announced several new limited partners joining the fund today. HarbourVest, one of the world's largest private investors in private equity and venture capital funds; Adveq, a leading fund of funds; and the Technion, Israel's premier technical university, are contributing significant funds to JVP IV. JVP's limited partners comprise an international network including France Telecom, Infineon, Boeing, Nortel Networks, Reuters, Columbia University, MIT, Flag Venture Partners, Horsley Bridge, and AXA. Asian investors such as the Government of Singapore, Jafco, and Temasek join long-standing Israeli investors such as Bank Leumi and Hebrew University in their commitments to JVP IV. "Venture capital investing in the current market environment requires creative new ways of looking at business fundamentals," said Erel Margalit, managing partner at JVP. "We are pleased that our limited partners share in our vision to take advantage of aspects of the downturn to position our portfolio companies for leadership in the coming recovery period." Jerusalem Venture Partners

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