Edison Ventures Amasses $249M For Tech Fund

Law360, New York (February 29, 2012, 8:05 PM EST) -- Private equity firm Edison Ventures has raised $249 million from BlackRock Private Equity Partners, Neuberger Berman Group LLC and others for a fund to invest in technology companies, it said Tuesday.

Edison's Edison Venture Fund VII has already invested $55 million in 10 portfolio companies, Edison said.

The fund's investors include BlackRock funds, Neuberger Berman, the New Mexico Employee Retirement Board and private equity investment management firm Permal Capital Management LLC, as well as other pension funds, financial institutions, endowments, family offices and funds of funds,...
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