Saturday, 25 June 2016
Last updated 1 day ago
Jul 19 2007 | 9:52am ET
Vector Capital has closed its latest fund with $1.2 billion. Vector Capital IV fund invests in buy-outs, spinouts and recapitalizations of established technology companies, and is also expected to acquire long-term stakes in undervalued public companies.
Vector has a particular focus on software, online services, communications equipment and security products, and plans to pursue a more significant number of larger transactions in the future.
The majority of capital in Vector IV was committed by existing Vector investors with new investors, including the Harvard Management Co., the endowment arm of Harvard University, according to the firm.
Vector was founded in 1997 and currently manages some $2 billion in assets.