Tudor Ventures closes third fund on $262m

The Boston-based venture capital arm of Tudor Investments is now managing $700 million in capital.

Tudor Venture Group, the venture capital arm of Tudor Investment Corporation, has announced the final close of its third fund, Tudor Ventures III, with $262 million (€200 million) of committed capital.

With the addition of this fund, Tudor Ventures now manages approximately $700 million in total capital, with about $390 million invested in 46 companies. Established in 1996, Tudor Ventures invests in rapidly growing technology companies, providing capital for expansion and acquisition.

“We are especially pleased with our limited partners, which include LPs from some of the leading state pension funds, financial services companies and endowments in the country, who have entrusted us to manage their capital in this new Fund,” Bob Forlenza, a founding partner of Tudor Ventures, said in a statement.

Tudor Ventures typically invests $7 million to $20 million in a portfolio company. Its investments, based primarily in North America, include the financial technology, software, communications, media, and IT infrastructure sectors. Most recently, the firm invested in electronic stock-trading network Pipeline Trading Systems and network security provider Crossbeam Systems.