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.

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Related Contacts
Craig Dauchy Partner, Palo Alto
Robert Bao Associate, San Francisco