Israeli tech investment firm Vintage Investment Partners has raised $812 million across two funds to back startups and investors in Israel, Europe, Canada, and the US, the company announced late Wednesday.
The Herzliya-based investment firm closed a $500 million fund-of-funds, or a fund that invests in other funds, as well as a $312 million secondary fund to acquire interests in venture funds from limited partners and shares in venture-backed firms from investors, founders, and employees.
This is the company’s sixth fund-of-funds and fifth secondary fund, according to the announcement, bringing its AUM (assets under management) to $3 billion.
“The fund of funds is continuing our strategy of investing in leading venture funds in the United States, Europe, Canada and Israel,” said Vintage Investment Partners co-founder and managing partner Alan Feld, in a LinkedIn post on Wednesday. “The new secondary fund is focused on buying limited partnership positions in venture funds in those four markets as well as buying shares in venture-backed companies, giving liquidity to angels, founders and employees.”
“We want to thank our investors for their trust in us and I personally want to thank my wonderful partners and colleagues at Vintage, with whom I look forward to working hard to merit that trust,” added Feld.
Founded in 2002, Vintage Investment Partners has invested in dozens of venture capital funds including those of a16z (Andreessen Horowitz), Accel, 83 North, Battery Ventures, Bessemer Venture Partners, Grove Ventures, and General Catalyst.
It has also invested directly in companies such as Moovit (sold to Intel in 2020 for $900 million), Honeybook, Monday.com, MyHeritage, Wolt, and Cybereason.
Vintage also runs a network of over 2,600 venture funds and 14,000 companies as part of what it calls a value-added services (VAS) offering, a free service connecting venture-backed technology startups to corporations seeking specific knowledge or innovation.
On Thursday, Vintage announced that Keren Terner, the former director-general of the Israeli Finance Ministry, joined the firm as its chief operating partner. Terner is also the former director-general of the Transportation Ministry.
“I am very excited about joining the Vintage family and taking a leadership role at the firm,” Terner said in a statement. “Throughout my career, I have seen how technology has dramatically affected economies everywhere. The Vintage opportunity allows me to help guide a leading technology investment firm to increase its impact on fostering innovation globally.”