Globes – Sources inform ”Globes” that Vintage Venture Partners has closed its first $45 million for its $75 million second fund. Incontrast to the Vintage I Fund, which focused on secondary investments, the Vintage II Fund will be a fund of funds.
With this closure, Vintage Venture Partners has become Israel’s first fund to close a fund of funds. Vintage Venture Partners managing partner is Alan Feld, and it is affiliated with Aharon and Shlomo Dovrat’s Dovrat Group. Shlomo Dovrat is also a general partner in Carmel Ventures, and Aharon Dovrat is a member of its investment team. Vintage Venture Partners is expected to invest in other venture capital funds specializing in seed and early stage investments in life sciences, information technology, communications, and clean technology companies. Investments are expected to be $5-9 million each.
