Press Release

Blue Delta Capital Partners Closes $215 Million Fund

December 21, 2021

Washington, DC – December 21, 2021 – Cooley advised Blue Delta Capital Partners, a venture capital firm based in Tysons, Virginia, on the closing of its oversubscribed $215 million fund, Blue Delta Capital Fund III. Lawyers Aaron Velli, Katelyn Kimber and Christine Zhao led the Cooley team advising Blue Delta.

The raise comes two years after Blue Delta announced Blue Delta Capital Fund II, which also exceeded its target. Fund III will allow Blue Delta to continue to scale its proven track record of success in the US federal government services sector, providing growth-stage venture capital investments.

“It is a humbling and flattering vote of confidence to have a new, well oversubscribed fund just two years after our last fund,” Mark Frantz, general partner of Blue Delta, said in a news release. “Raising Fund III in a matter of weeks, and with only one closing, enables us to spend more time working with our existing portfolio companies and partnering with new industry-leading federal companies in 2022 and beyond.”

Founded in 2009, Blue Delta was formed to fill a void in the government services marketplace by providing equity capital to entrepreneurs who wanted to grow their businesses without selling control of their companies or taking on too much debt. The venture capital firm makes equity investments in return for non-control ownership positions and – given its team members’ combined decades of experience as venture capitalists and successful CEOs – it can serve as a value-added partner in the businesses that it backs.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia 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.