Matrix Partners featured in the Wall Street Journal: “The Daily Start-Up: Matrix Partners Makes Fund-Raising Look Easy”July 24, 2009
By Scott Austin
July 24, 2009
Some venture capital firms appear to be having no trouble rounding up capital from their limited partner base. Matrix Partners, one of the best-known U.S. venture firms, has swiftly wrapped up its ninth fund with $600 million. The firm didn’t disclose details of the fund structure, saying only that the $600 million was for Matrix IX. Wednesday, VentureWire reported, based on regulatory filings, that Matrix was in the market for two funds, Matrix Partners IX LP with a target of $450 million and Matrix Partners IX Special Opportunities Fund LP with a $150 million target. Other venture firms such as Austin Ventures and Battery Ventures have raised side funds to be deployed with their main funds in larger deals. Presumably, Matrix will employ a similar strategy.