Friday, June 22, 2007

Emergence Capital Partners Closes $200M Fund

San Mateo-based Emergence Capital Partners said Thursday that it has closed a $200M, second venture fund. The firm said that the fund target was $175M, but was oversubscribed more than twofold. Investors in the fund include all of its prior investors, along with additional foundations and university endowments. Oak Hill Investment Management was one of the new investors in the firm.