– HighVista Strategies LLC, an employee-owned specialty alternative asset manager, closed $270 million in capital commitments for HighVista Venture Capital Fund XIV, L.P. (HVC XIV), surpassing its $200 million target.
– The Fund attracted commitments from a diverse group of global limited partners, including institutions and family offices.
– HVC XIV continues HighVista’s venture capital strategy, leveraging a long track record and extensive network in the venture ecosystem.
– The Fund will focus on a concentrated portfolio of access-constrained, early-stage venture fund managers in hard-to-access and inefficient markets.
– Target sectors include artificial intelligence, enterprise software, fintech, life sciences, and blockchain.
– The strategy is enhanced by opportunistic co-investments and secondary transactions, utilizing the venture capital team’s deep industry experience.
– Caroline Page, Head of Relationship Management and Partner, highlighted the strong support from existing and new investors and the team’s disciplined approach.
– Kirsten Morin, Co-Head of Venture Capital and Partner, emphasized the Fund’s positioning to capitalize on technological innovation and platform shifts like AI and blockchain.
– HVC XIV aims to partner with visionary investors to back the next wave of category-defining companies and deliver strong results for investors.
