Private Equity Week: VSP Capital’s limited partner advisory board effectively agreed Tuesday to discontinue the firm’s third fund, PE Week has learned. The six limited partners voted unanimously to recommend to all of VSP’s limited partners that the firm’s third fund be discontinued. Just wondering where it leaves those start-ups that were counting on dollars from this new fund?
1 trackback so far
11:29 AM PT
[...] Dan Primack has to be one of last remaining true news-hounds. In his latest PE Wire email newsletter he digs up a funding deal for Evil Twin Studios, a San Francisco-based online gaming company. This is one of the former VSP Capital companies that went up for (very) limited auction after the venture firm’s collapse last year, and was won by former VSP pro – and current legal adversary — Vince Vannelli. The filing reports that Evil Twin has called down $7.9 million of an $8.5 million Series B round. Trident Capital came into the deal, and was joined by return backers Draper Richards, Draper Fisher Jurvetson and Vannelli (listed as KPG Investments) [...]
Leave a Comment