Peakview Capital – a technology-focused hybrid venture capital fund and investor in many of the top U.S venture capital firms- announced it has closed its latest fund, bringing total assets under management (AUM) to over $500 million. The firm is aiming to invest a majority of the new capital in a constructed portfolio of top-tier VC managers’ funds along with select inflection-stage direct investments. The fund has already backed several of the industry’s leading venture capital funds.
Peakview Capital also recently added Tyler Hartsock and Kevin McQuillan as Partners, positioning the firm for increased investment growth and reach. Hartsock has been a VC fund of funds veteran since 2009 when he served as an early employee of Greenspring Associates. More recently Hartsock was a partner at Next Play Capital where he served on the investment committee and led its fund partnership investment practice and emerging manager strategy. Before Next Play, Hartsock co-led Northgate Capital’s flagship VC fund of funds. Hartsock will help manage the firm’s investment practices and fundraising initiatives.
McQuillan has been an active VC investor for decades, co-founding two VC firms. McQuillan was Co-Founder and General Partner at Focus Ventures, whose first fund was the 7th highest IRR fund of all time (Preqin). And McQuillan brings his experience and expertise to help inform Peakview’s fund and direct investments.
Peakview also added Nicole de Moulpied as Director of Marketing. De Moulpied held various sales and marketing positions at Ansys, Clearstone Venture Partners and several international startups, and heads the firm’s marketing initiatives.
The fund is aiming to deliver strong returns for its investors with a specialized and concentrated portfolio of investments. And Peakview draws on decades of experience to inform its strategy for sourcing and selecting the strongest investment opportunities, backed by deep qualitative and quantitative analysis. This approach aims to enable the firm to provide investors with optimized exposure to the venture capital asset class with strong opportunities for high risk-adjusted returns.
KEY QUOTES:
“We are delighted to announce the launch of our newest investment vehicle, focused on providing optimal risk-adjusted returns with our concentrated strategy across what we view as best of the best venture capital funds. With the go-forward era of lower valuations, we look forward to putting our capital to work.”
“As active investors in technology’s startup ecosystem over a number of decades, we draw upon our venture experience and network of personal relationships to provide our LPs with curated access to compelling funds. We also have the expertise to hand-select direct investments that we identify as the best growth opportunities.”
— Erik Lassila, Managing Partner of Peakview Capital
