DURHAM, N.C., NEW YORK, and SAN FRANCISCO, May 2, 2013: SJF Ventures conducted the final closing on its third fund with more than $90MM in capital commitments, tripling the size of the previous $28MM second fund. The target for SJF Ventures III was $75MM and the fund was substantially oversubscribed at its final April closing. “We are honored that so many investors choose to join our partnership,” said David Kirkpatrick, SJF Managing Director and Co-Founder. “We are particularly excited that a wide variety of bank, insurance, foundation, family office, pension, mutual fund, and individual investors have recognized that SJF’s impact investing strategy can yield above market financial and mission results.” SJF’s current, second fund is performing in the top quartile all US venture capital funds of its vintage year.
SJF Ventures invests in high growth, positive impact companies seeking expansion capital rounds of $1MM to $10MM. SJF has invested in 36 portfolio companies over the last decade. “We realize SJF’s success is due to the exceptional results achieved by our portfolio companies such as Aseptia, BioSurplus, CleanScapes, Community Energy, eRecyclingCorps, Fieldview, Optoro, MediaMath, MedPage Today, and ServiceChannel,” said David Griest, SJF Managing Director. “We are eager to find the next set of great entrepreneurs for our third fund.”
SJF Ventures has a team of six senior investment professionals, based in offices in Durham, NC, New York and San Francisco, and invests nationwide. SJF has particular expertise and focus on the asset recovery, recycling & reverse logistics, energy & resource efficiency, intelligent infrastructure, sustainable agriculture and food, education, health and wellness sectors.
Investors in SJF Ventures III include banks such as Citi, Deutsche Bank and State Street Bank; the endowments of the Annie E. Casey, F. B. Heron, Jesse Smith Noyes, and Park Foundations and the Wallace Global Fund; insurances and financial services firms MetLife and Prudential Financial, Inc.; mutual and pension funds Calvert Equity Portfolio and MMBB Financial Services; Investors’ Circle members; family offices including Armonia, the Gary Community Investment Company and OpenBox; and clients of Abacus Wealth Partners, Athena Capital Advisors, Ballentine Partners, Cambridge Associates, the CAPROCK Group, Effective Assets, Federal Street Advisors, Filament Advisors, ImpactAssets, Imprint Capital, Mercer Consulting, Natural Investments, Threshold Group LLC, Trillium Asset Management, Veris Wealth, and Watershed Capital. Morgan, Lewis & Bockius LLP acted as legal advisor to SJF Ventures.
This release was originally published by SJF Ventures which is solely responsible for its content.
CONTACT: David Kirkpatrick, SJF Ventures, 1-919-908-8365, email@example.com
Web site: http://www.sjfventures.com
The views expressed are those of the authors as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the authors on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes and should not be construed as a research report.