Cooley Helps IVP Close Biggest-Ever $1B Venture Fund

Law360, New York (June 28, 2012, 4:34 PM EDT) -- Institutional Venture Partners announced the closing of a new $1 billion fund on Thursday, the biggest ever for the late-stage venture capital and growth equity firm, which has backed Twitter Inc., Netflix Inc. and other game-changing technology companies.

The fund, IVP's 14th since 1980 was raised with the aid of longtime fund counsel Cooley LLP and will continue investing in the firm's core areas of Internet, digital media and mobile technology. The fund was “significantly oversubscribed,” the firm said in a statement, with existing investors taking the...
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