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BA Ventures Goes IndependentPOSTED January 4, 2007 FOSTER CITY -- To show that it is now independent from Bank of America, BA Venture Partners (BAVP) announced that it has relaunched as Scale Venture Partners, investing an independent $400 million fund that employs a thesis-based strategy to identify innovative development-stage technology and healthcare investments in emerging markets. Bank of America now becomes a minority investor in Scale's Fund II with a broad group of new institutional investors comprising the majority of its limited partner base. Scale Venture Partners also announced that it closed 2006 with 8 exits and 29 financings totaling more than $90 million. "We launched our first fund in 2000 with the goal of eventually bringing in outside investors," said Kate Mitchell, Managing Director with Scale Venture Partners. "It's gratifying that the market recognized the quality of the team and our top-quartile performance over the last several years. This success has reinforced our commitment to our thesis-based approach to investing. The long-term support of large blue-chip investors will allow us to continue to build value in our portfolio companies." Since 2000, the Scale team has delivered top-quartile results by implementing a thesis-based approach to investing in technology and healthcare companies. The team prefers to invest at the turning point when companies need expertise to help them significantly increase the growth of their business. The Scale team has consistently focused on identifying companies that take innovative approaches to addressing market opportunities in sectors such as consumer electronics, software-as-a-service, and healthcare companies that are repurposing already approved drugs. "The name, Scale Venture Partners, makes sense for two
reasons," said Mitchell. "One, we work to identify
large market opportunities that are just at the inflection point,
which is the best way to make significant returns. Our deal selection
is driven by our thesis-based approach to picking markets. Second,
we work hard to help our companies scale to meet that opportunity.
We're hands on investors thinking every day about how to apply
our industry knowledge to our investments to help them reach
their potential." © Copyright SVDaily.com |
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