13th Venture Capital Fund Closes at $625 Million Cap

Commonfund Capital Venture Partners XIII, L.P. includes Capital Commitments from Foundations, Endowments, Pensions and Family Offices

Wilton, CT March 18, 2021Commonfund Capital today announced that it closed Commonfund Venture Partners XIII (“CVP XIII” or “Fund”) at its hard cap of $625 million. The Fund had strong participation from existing investors, as well as select new institutional limited partners. Investors in the Fund include foundations, endowments, pensions, healthcare systems and family offices.

“We are very appreciative of the continued support from our mission-driven and membership-based investors. The combination of our industry relationships, dedicated focus and access should enable us to support the innovation economy and help us drive returns for our investors,” said Aaron Miller, Managing Director and Head of Venture Capital.

Consistent with its recent predecessor funds, CVP XIII is expected to deploy the majority of its committed capital to established, early stage global venture capital funds while also directly investing in mid-stage, high growth companies in the information technology, consumer and healthcare sectors. The Fund will opportunistically invest in secondary purchases of funds and companies.

Media Contacts  
Tony Ialeggio
William Szczecinski
Prosek Partners