060505fundnotes

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Insight Venture Partners, a New York-based venture capital firm focused on software and Internet services, has closed its fifth fund with $675 million. Limited partners include Goldman Sachs, HarbourVest Partners, CalPERS and Pantheon Ventures. In other firm news, Insight has promoted Michael Triplett and Jeffrey Lieberman to managing directors.Canaan Partners has raised $450 million for Canaan VII, according to a regulatory filing. The Rowayton, Conn.-based firm plans to use the fund for early stage investments. Its previous early stage fund was Canaan Equity III, which raised $700 million in 2001.Escalate Capital’s first close on its inaugural fund was at $113 million, according to a regulatory filing. The Austin, Texas-based firm recently announced the first close, but did not disclose the amount in a recent statement. The fund is targeted at $200 million. Limited partners include GM Pension Plan, The Meadows Foundation, Portfolio Advisors, Teachers’ Private Capital, UTIMCO and Verizon.Aurora Capital Group of Westwood, Calif., has raised an additional $242 million, according a regulatory filing, for Aurora Equity Partners III LP.
Fund Notes
The buyout firm has now raised $647.8 million for the fund. No target is listed. But Aurora’s previous fund of $764 million was raised in 1998.JMI Equity of Baltimore has filed to raise $300 million for its fifth venture capital fund. At the time of its SEC filing, the fund had already raised $130 million.Integral Capital Partners of Menlo Park, Calif. is looking to raise up to $300 million for its seventh fund, and already has about $125 million in commitments, according to a regulatory filing. Morgan Stanley is serving as placement agent.The Sterling Group of Houston has closed its second private equity fund focused on acquiring mid-market manufacturing, industrial services and distribution companies based in North America. Limited partner commitments totaled $450 million, while the firm’s principals contributed an additional $20 million. LPs included AXA Private Equity, BNP Paribas, BOKF Private Equity, CSFB, Danske Private Equity, Hoegh Capital Partners, INVESCO Private Capital, The Meadows Foundation, Montreal Transit Workers, RCP Advisors, Standard Life Investments, Swiss Re Private Equity Partners and Texas Tech University.Investure Private Partners of Charlottesville, Va.

has filed to raise $200 million for fund II. At the time of its regulatory filing, the fund had already raised more than $75 million. The regulatory filing cites Smith College as a limited partner of the fund.The information in Fund Notes is compiled by PE Week staff from press releases, news articles and other sources. Some of the briefs are derived from filings with the Securities and Exchange Commission, and are only as current as the filings themselves. The listings are not an advertisement for the sale of securities

The information in Fund Notes is compiled by PE Week staff from press releases, news articles and other sources. Some of the briefs are derived from filings with the Securities and Exchange Commission, and are only as current as the filings themselves. The listings are not an advertisement for the sale of securities