| Technology Crossover Ventures Announces $1.4 Billion Venture Fund |
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| Monday, 21 November 2005 | |
Technology Crossover Ventures Announces $1.4 Billion Venture FundPALO ALTO, CA, (NAMC) - Technology Crossover Ventures (TCV), a leading provider of growth capital to technology companies, announced today the closing of TCV VI, a $1.4 billion venture capital fund. TCV VI is the largest technology focused venture capital fund closed this year and brings TCV's total capital under management to $4.7 billion. TCV VI will continue to execute against TCV's core strategy of expansion and later-stage investment in premier technology companies. The funds will be invested by TCV's team of 23 investment professionals, which includes ten partners, and is one of the largest technology focused teams in the venture capital industry. "We are very pleased to have received such a strong response to TCV VI from existing and new limited partners," said Jay Hoag, a founding partner of TCV. "We believe this response was a direct reflection of the great companies and entrepreneurs we have backed throughout our ten year history." "We appreciate the overwhelming support of our limited partners and look forward to continuing to work with great management teams to help them achieve their full potential," said Rick Kimball, a founding partner of TCV. The investors in TCV VI include public and private pension funds from North America and Europe, university endowments, financial institutions, family offices and technology entrepreneurs. Founded in 1995, TCV has invested in more than 150 companies, which to date have completed 37 IPOs and 29 strategic sales or mergers. About Technology Crossover Ventures Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to expansion, later-stage private, and public companies. TCV employs a crossover investment model, which combines venture capital with public market investing and enables TCV to continue to invest in its portfolio companies at the IPO and beyond. TCV has made investments in leading companies including Actuate, Alteon Websystems, Altiris, CNET, eHarmony, Expedia, InPhonic, Liquidnet, Netflix, RealNetworks, Redback Networks, Solect Technology, Webroot and Xylan. TCV has ten partners and is headquartered in Palo Alto, California. For more information about TCV, visit www.tcv.com.
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