A year after completing a $160 million financing round for its two funds, one for cyber investments and one early-stage investment fund, Jerusalem Venture Partners (JVP) is now completing another financing round totaling $80 million - this one for JVP Opportunity VII. According to JVP's report to the US Securities and Exchange Commission (SEC), the new fund is a continuation of the previous fund raised in 2011, which is also designated for investing in mature companies on a consistent growth track.
In contrast to the fund for investing in early-stage companies, JVP managing partners Kobi Rosengarten, Gadi Tirosh, and Raffi Kesten are hoping for a quicker return on the investment, as do other recent growth funds, such as Moshe Lichtman and Haim Shani's Israel Growth Partners (IGP), which raised $250 million.
JVP has raised eight funds totaling $1.1 billion to date. The company has scored a number of successes in recent years, including two substantial ones from the first Opportunity fund, which has made back its investment several times over by selling CyOptics to Avago Technologies for $400 million. The fund owned over 50% of CyOptics at the time of the transaction, and therefore received a majority of the proceeds. One year later, the fund led the offering by CyberArk, which is now traded at a $1.5 billion market cap. JVP was the also the most active Israeli fund over the past year.
Published by Globes [online], Israel business news - www.globes-online.com - on September 30, 2015
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