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Canaan Partners Launches $500 Million Equity Fund.
Business Wire
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December 20, 1999
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COPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Business Editors/High-Tech Writers
MENLO PARK, Calif.--(BUSINESS WIRE)--Dec. 20, 1999
Canaan Partners, a national venture capital investment firm, today announced it has closed an equity fund in the amount of $500 million.
Called Canaan Equity II, the fund is Canaan's fifth to date. With this fund, Canaan now manages $1.2 billion in capital, while its portfolio companies have generated approximately $50 billion of market capitalization.
Investors comprise a diverse international cross-section of corporations, pension funds, institutional ...
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