Venture Investment Associates, a Peapack, NJ-based private equity fund of funds manager, has closed new funds totaling more than $230MM in capital commitments.
Investors in the new funds include endowments, foundations, high net-worth individuals, family offices, corporate pension funds, and financial institutions.
The new commitments include more than $150MM toward the combined Venture Investment Associates (VIA) VIII & VIII-VC funds and $80MM toward the third iteration of VIA’s Seed Technology Partners (STP) funds.
Led by Jason P. Andris, managing member, and Chris Douvos, managing director, VIA VIII is a diversified offering providing concentrated exposure to elite seed and early-stage VC managers as well as growth equity and lower-middle market LBO funds across 3 to 4 vintage years. VIA VIII-VC will provide exposure to approximately a dozen managers in just the seed and early-stage segments.
The third iteration of VIA Seed Technology Partners (STP) is divided into two vehicles, VIA STP Platform and VIA STP Explorer. VIA STP Platform will back 4-6 established seed-stage managers, around which platform and community dynamics exist and with whom VIA’s partners have had long and successful relationships. VIA STP Explorer will support 8-10 emerging platform managers and idiosyncratic seed-stage investment models, as well as make direct co-investments alongside VIA’s managers in select venture-backed companies across all stages.