Bessemer Venture Partners closes $4.6 billion across two new funds, expands to growth-focused private equity

Bessemer Venture Partners has closed $4.6 billion in new capital across two funds to back growth stage startups in India and globally

The new capital across two funds – $3.85b for its 12th flagship fund, BVP XII, and $780m for its fresh BVP Forge Fund – will allow BVP to back entrepreneurs and management teams across all stages of growth, regardless of maturity or structure, a statement said.

With the new funds, the San-Francisco-based company Bessemer Venture Partners is now looking to expand its flexibility to support growth buyouts with different liquidity, capital structure, and operational support requirements.

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Bessemer Venture Partners primarily invests in early and growth-stage startups, through its current $2.475b BVP XI Fund, $825m Century II Growth Fund, and $220m early-stage focused India Fund.

As per the company, the BVP XII fund will focus on seed and early-stage investments in companies spanning enterprise, deeptech, fintech, consumer, and healthcare. Meanwhile, BVP’s new $780m Forge Fund is specifically designed for growth buyout and significant minority transactions in software and tech-enabled services businesses.

Launching the new funds, BVP’s chief strategy officer Scott Ring had said that it has established a platform for investing across the global technology landscape, from early-stage to growth buyouts, and have created a structure where our venture capital and growth-focused private equity platforms remain focused on their fundamental investment stages.

Source: CNBC

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