Trinity Ventures Has Raised Its $325M Eleventh Fund

view story

http://techcrunch.com – Hey, remember that $325 million fund we said Trinity Ventures was raising last week? Well, the firm says it finished raising the fund yesterday. General partner Fred Wang tells me that the target for the fund, Trinity Ventures XI, was $300 million (the same as its last fund), but there was enough interest from limited partners (LPs) that it raised an extra $25 million — there was a hard cap at $325 million. Even though that’s a sizable amount, Wang says it was a deliberate choice not to raise even more, because one of Trinity’s points of pride is its partner-to-capital ratio. (Th (IT news)