Fundraising

Knightsbridge closes $500m venture fund-of-funds

The Bartlesville, Oklahoma-based venture capital fund of funds firm Knightsbridge Advisors has raised $500 million for its sixth fund, which will invest in venture partnerships and post-venture emerging tech companies.

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Knightsbridge Advisors have closed on a $500 million (€382 million) fund of funds that will focus on early-stage investments in venture partnerships and public emerging tech companies. 

Knightsbridge Venture Capital VI attracted interest from former investors like British Airways, The California Endowment and Shell, as well the Annie E. Casey Foundation, Nestle UK and Telstra.

The firm offered two types of investment in Fund VI. Series VC will only invest in the venture transactions, while Series VXM combines a 60 percent venture commitment with a 40 percent commitment to post-venture emerging tech investments.


Hammond

“We’re constantly tracking the venture community, and over the years we have been fortunate to have formed relationships with some of the best venture capital firms before they become widely known,” Brad Hammond, managing principal at Knightsbridge, said in a statement. “We invested early in a number of venture groups that are now highly regarded and are virtually impossible to access.”

Included in the fundraising total is a $25 million tailored fund, Knightsbridge Venture Completion 2005, for an unnamed “leading institutional investor.” It acts as an overlay to complement the institution’s investment in Fund VI, manage risk and capitalize on emerging tech deals using outsider specialists. 

Knightsbridge was founded in 1983. The firm’s last fund of funds, Knightsbridge Integrated Holdings V, closed in 2000 on $500 million.