Institutional Venture Partners Closes $1.4 Billion Fund
- Second Largest US-Based Fund Formation in 2015
Palo Alto – April 24, 2015 – Cooley advised its long-time client Institutional Venture Partners (IVP) on the closing of IVP XV, its largest ever fund. The $1.4 billion fund is the second largest venture fund formed in the United States in 2015. Just three years ago, Cooley advised IVP on the formation of its first $1 billion fund.
Since its inception in 1980, IVP has invested in over 300 companies; 101 of which have gone public. The closing of IVP XV brings IVP's cumulative committed capital to $5.4 billion. With the new fund, IVP plans to invest $10 million to $100 million per company in 12 to 15 businesses each year.
The Cooley team advising IVP included partners Ian O'Donnell and Craig Dauchy, who heads the venture capital practice, and associates David Presser and Hongbo Bao.
Cooley's fund formation group assists a variety of fund managers operating investment funds in the United States and globally. Cooley is counsel to more than 325 private investment fund organizations worldwide, and advised on the closing of more than 170 funds in 2014.
About Cooley LLP
Cooley's lawyers solve legal issues for entrepreneurs, investors, financial institutions and established companies. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, often where innovation meets the law.
Cooley has 850 lawyers across 12 offices in the United States, China and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.