Crosslink Capital, a venture capital and growth equity firm, has raised $400 million for its latest offering, a hybrid venture capital-hedge fund. Crossover Fund V will invest in both public and private companies in the alternative energy, technology, communication services and Internet services sectors.
The fund will invest in companies at all stages of development from very early, seed stage private financings to public equity investments.
“For nearly a decade Crosslink Capital has refined its strategy of crossover investing and has developed tightly cohesive and collaborative teams focused on all stages of private and public growth equity investing," said Michael Stark, co-founder. “We believe that this fund is the largest crossover fund ever raised, which is a true hybrid of public and private securities.”
Founded in 1989, Crosslink Capital manages over $1.4 billion in assets.