DFJ raises $600M for fund IX

Draper Fisher Jurvetson’s ninth fund has hit its $600 million target, according to a regulatory filing this month. PE Week reported last month that the close had been expected to occur at the end of Q1.

An investor who had seen the DFJ prospectus told PE Week that the firm had a hard cap at $620 million, so the doors may still be open for additional investors.

DFJ IX is the firm’s largest that the firm has raised since the $640 million it closed on for fund VII in 2000.

Last year, DFJ saw nine of its portfolio companies acquired, according to Thomson Financial (publisher of PE Week).

This year, the firm has already put one of its companies on the IPO path. Energy regulation company EnerNOC filed for a $100 million IPO in February. DFJ backed the company in each of its three investment rounds, helping it raise $27.5 million. EnerNOC closed its $15 million Series C at the end of December with a $215 million valuation, according to Thomson Financial.