Novak Biddle Closes Fund V

Novak Biddle Venture Partners has closed its fifth fund with $227 million in capital commitments. Returning limited partners include Common Fund, FLAG Venture Partners, Verizon, ATP Private Equity Partners, Howard Hughes Medical Institute, Indiana University, Northern Trust, Notre Dame, Park Street, Silicon Valley Bank, the State Retirement Plans of Virginia and < ?XML:NAMESPACE PREFIX = ST1 />North Carolina, University of California, University of Richmond and Virginia Tech. New LPs include CarnegieMellonUniversity, the Church Pension Fund, GeorgetownUniversity, the Hillman Family, KenyonCollege, Little Hawk Venture Opportunity Fund, Lumina Foundation, Pantheon Ventures, PrincetonUniversity, PurdueUniversity, University of Minnesota and the University of Virginia.