« Back

NEW YORK (MarketWatch) -- Scale Venture Partners, formerly BA Venture Partners, said Wednesday it's completed the $400 million Scale Venture Partners II. Bank of America (BAC) , an original limited partner in the firm, agreed to transfer its interest in Fund II, allowing Scale Venture Partners to build a portfolio of twelve long-term limited partners, the firm said. Bank of America continues to be the sole limited partner for Scale Venture Partners I, a $500 million fund. Limited partners in Scale Venture Partners Fund II include Credit Suisse (CS), Key Capital, Lexington Partners, Liberty Mutual, Macquarie Global Private Equity Fund, Montague Newhall, Pantheon Ventures and its affiliates, Paul Capital Partners, Storebrand, and several other domestic and international institutional investors. Probitas Partners served as placement agent for the fund.

« Back