Month: October 2020

CFIUS Reform UPDATE: Implications of FIRRMA for Fund Managers

UPDATE (October 8, 2020) We are providing updates on our original post here to reflect the issuance of a final rule by the U.S. Treasury Department which will become effective on October 15, 2020. Between November 2018 (when the first regulations implementing FIRRMA came into effect) and October 15, 2020 […]

Cooley / October 8, 2020

Funds

SEC Proposes Registration Exemption for “Finders”

The SEC has proposed new rules that would clear up the longstanding difficulty a venture capital fund manager has faced when wanting to use a “finder” for investors in the fund and such “finder” is not licensed as (or associated with a licensed) broker-dealer. This article discusses the application of […]

Cooley / October 8, 2020

Legacy Venture

Advised Legacy Venture X on its $350 million closing.

Menlo Ventures

Advised Menlo Ventures on the closing of its fifteenth early stage fund for $500 Million.

Owl ventures

Advised Owl Ventures on the closing of two funds totaling $585 million to support Edtech

M13 Ventures

Advised M13 on the closing of its second $175 million fund focusing on early stage retail, healthcare, personal finance, and food companies.

Redpoint Ventures

Advised Redpoint Ventures on the closing of its eighth early stage fund at $500 million.

Qiming Venture Partners

Advised Qiming Venture Partners on the closing of its seventh fund at the target amount of $1.1 billion.

Lux

Advised Lux Capital on raising more than $1 billion across two funds, with $500 million raised for its sixth early-stage fund and $550 million raised for its second opportunity fund focused on growth-stage investments primarily in existing Lux portfolio companies.

Box Group

Advised BoxGroup on the closing of two funds, an early stage fund and an opportunity fund, at $82.5 million each.

Norwest Venture Partners

Advised Norwest Venture Partners on the closing of its largest fund to date at $2 billion, bringing its total capital commitments to more than $9.5 billion.

GGV Capital

Advised GGV Capital on the closing of its new funds totaling $1.88 billion. The new funds include GGV Capital VII and VII Plus, GGV Discovery II and GGV Capital VII Entrepreneurs Fund

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Month: October 2020

CFIUS Reform UPDATE: Implications of FIRRMA for Fund Managers

SEC Proposes Registration Exemption for “Finders”