Bessemer Venture's Chandra Raises $250 Million For Hedge Fund

Jul 31 2012 | 11:54am ET

Venture capital veteran Rob Chandra has put one foot into the hedge fund world with a planned $250 million launch.

Bessemer Venture Partners' former India chief has founded Avid Park. The new long/short hedge fund is already closed to investors after having won $250 million in commitments, and will focus on technology stocks, a staple of Chandra's portfolios. Bessemer has invested in LinkedIn, Pinterest and Yelp.

While he's set to run his own hedge fund, Chandra isn't leaving Bessemer behind entirely. He plans to retain a part-time position at the firm, at least for the new few years, Reuters reports.

Chandra had led Bessemer's India investments until recently and helped the firm raise its $1.6 billion fund last year.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...