Month: June 2020

Let the Spigot Open: Volcker Rule Relaxed to Allow More Bank Investments in VC Funds

Prior to the effectiveness of the Volcker Rule in April, 2014, we more regularly saw banks participating as limited partners in venture capital funds. The rule placed significant limitations on banks’ ability to make investments in private funds, and over the last 6 years the frequency of investment and capital […]

Luke Bagley / June 26, 2020

Primers

Primer: U.S. Tax Considerations for Venture Capital Funds

We are frequently asked by our fund manager clients about what tax issues they should consider when forming a new venture capital fund or investing in portfolio companies. In this post, we outline a few key considerations for fund managers, highlighting changes included in the Tax Cuts and Jobs Act […]

Stephanie Gentile, Aaron Pomeroy and Rick Jantz / June 12, 2020

Redpoint ventures

Advised Redpoint Ventures in its fourth growth fund, a $725 million vehicle called Omega IV

ret ventures

Advised RET Ventures on the formation of its second fund at $165 million

lux capital

Advised Lux Capital on the closing of two new funds at a total of $1.5 billion

ivp

Advised IVP on the closing of its $1.8 billion IVP XVII fund

Vision Ridge Partners

Advised Vision Ridge Partners on the closing of its third sustainable asset fund at $1.25 billion

source code capital

Advised Source Code Capital on the closing of its $1 billion fund

Industry ventures

Advised Industry Ventures on the final closing of its $850 million secondary fund, Secondary IX

Venrock

Advised Venrock on the closing of its ninth fund at $450 million

ggv capital

Advised GGV Capital on raising $2.52 billion across four funds

Impact America Fund

Advised Impact America Fund on the closing of its second venture capital fund at $55 million

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Month: June 2020

Let the Spigot Open: Volcker Rule Relaxed to Allow More Bank Investments in VC Funds

Primer: U.S. Tax Considerations for Venture Capital Funds