Foley & Lardner LLP, a law firm with nearly 1,000 attorneys in 21 offices, has launched a $4m venture capital fund focused on investing in or with its clients.
The new vehicle, called Foley Ventures, will leverage Foley & Lardner’s experience in working with private equity/venture capital funds to invest in their portfolio companies.
Commenting on the launch of the fund, Gabor Garai, chair of the firm’s Private Equity & Venture Capital Practice, said: “We felt that establishing a venture fund was the next logical step in support of our clients dealing with sophisticated financing issues.
“By having a vested interest in our clients’ businesses, we are further demonstrating our commitment to their success by literally putting our money where our mouths are”.
To provide the fund with an extensive and diverse deal flow, attorneys from all practice groups at Foley are invited to submit qualified opportunities, regardless of whether or not they invested in the fund.
Foley’s Private Equity & Venture Capital Practice is made up of more than 200 attorneys focused on the full range of public and private debt and equity vehicles and their investment activities offering legal services related to intellectual property, employee benefits, tax, finance, real estate, and corporate transactions.