Bessemer Venture Partners’ $3.3 Billion Funds Formation

Proskauer advised Bessemer Venture Partners on the creation of two funds which, in total, raised $3.3 billion.

The BVP XI fund, at $2.475 billion, will focus on early-stage companies spanning across enterprise, consumer, healthcare, and frontier technologies.

The $825 million Century II fund is designed for growth-stage companies.

Bessemer Venture Partners is a venture capital firm that funds consumer, enterprise, and healthcare startups.

The Proskauer team included partners Howard Beber (Picture) and Matt McBride, associates Kerry Shriver,  Stephanie Annunziata, Luke Charette, Coco Xiao, Jeana Johnston, Abigail Luiz  (Private Funds), partners Scott Jones and Stephen Severo and associate Kim Swiszcz (Tax).

Involved fees earner: Stephanie Annunziata – Proskauer Rose LLP; Howard Beber – Proskauer Rose LLP; Luke Charette – Proskauer Rose LLP; Kerry Shriver – Proskauer Rose LLP; Jeana Johnston – Proskauer Rose LLP; Scott Jones – Proskauer Rose LLP; Abigail Luiz – Proskauer Rose LLP; Matthew McBride – Proskauer Rose LLP; Stephen Severo – Proskauer Rose LLP; Kimberly Swiszcz – Proskauer Rose LLP; Coco Xiao – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: Bessemer Venture Partners;

Author: Martina Bellini