Vintage Investment Partners Raises 920 Million Dollars Across Two Vehicles

Israeli venture capital firm Vintage Investment Partners has raised 920 million dollars across two funds, Globes reported. The capital consists of 580 million dollars for a new fund-of-funds vehicle and 340 million dollars for a secondary fund designed to acquire shares from existing investors and employees in private startups. The firm is managed by partners Abe Finkelstein and Asaf Horesh. [1]

The latest fundraising reflects broader shifts in the venture market, according to Globes. The outlet reported that lower performance returns and artificial intelligence disruptions are driving natural selection across fund managers. Vintage also announced that it will not raise dedicated venture capital for healthcare and biotechnology startups. [1]

Venture capital provides private equity funding to early-stage startups in exchange for ownership equity, taking on high failure risks to pursue outsized growth returns. As FTMQ Startups reported earlier, other market players continue targeting life sciences, with European venture firm Forbion raising 2.3 billion euros across two biotechnology funds earlier this month. [2][4]

Vintage intends to concentrate its newly raised fund-of-funds capital into a smaller total number of underlying venture funds, according to Globes. The firm plans to use its 340 million dollar secondary vehicle to buy equity stakes in established privately held companies. [1]