Paul Capital Partners has reached the final closing of its third venture capital fund-of-funds, Paul Capital Top Tier Investments III, LP (Top Tier III). Top Tier III has closed with $620m in commitments from a diverse group of institutional investors. The fund raising exceeded the initial target of $500m.
Top Tier III will make both primary and secondary investments in venture capital funds worldwide sponsored by top quartile performing managers and select emerging managers with the potential to perform in the top quartile. Paul Capital will continue its strategy of making investments in venture capital funds focused on growth industries such as healthcare and technology as well as investments in venture capital groups that have a more sector specific strategy.