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Technology Crossover Ventures Announces $2.23 BillionGrowth Equity Fund
PALO ALTO, Calif.--(BUSINESS WIRE)--Technology Crossover Ventures (TCV), a leading provider ofgrowth equity for premier technology companies, announced today the closing of TCV VIII, a $2.23billion fund. With this fund, the firm's capital raised since inception totals nearly $10 billion.
TCV VIII will continue to execute onTechnology Crossover Venture's corestrategy of providing growth equitycapital to market-leading technologycompanies, with a focus on the Internet,business and financial services,infrastructure, and software markets. Thefund will be invested by TCV's team ofmore than 40 investment professionals,one of the largest teams focused ongrowth equity investments in technology.
"We appreciate the continued support of our limited partners, whose strong participation in TCV VIIIhighlights our long track record in backing some of the world's leading technology companies andentrepreneurs," said Jay Hoag, a founding general partner of TCV.
"With this new pool of capital from our limited partners," said Jake Reynolds, a general partner ofTCV, "our team looks forward to expanding on our mission of generating strong investment returnsby identifying world-class entrepreneurs and helping them grow their businesses."
The investors in TCV VIII include public and private pension funds from North America, Europe andAsia, university endowments, financial institutions, family offices, and technology entrepreneurs.
About TCV
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capitalraised, TCV has invested in more than 200 technology companies over the last 18 years. Selectedinvestments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance,GoDaddy, Genesys Software, Groupon, HomeAway, Netflix, RealNetworks, Redback Networks,RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, and Zillow. TCV is headquartered inPalo Alto, California with offices in New York and London. For more information about TCV,including a complete list of TCV investments, visit www.tcv.com.