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WTI Closes Twelfth Venture Debt Fund
Western Technology
Investment (WTI) announced the formation and close of the firm's 12th venture
debt fund which has the capacity to make over $1 billion in commitments.
WTI maintained a select group of leading private equity investors, many
of whom have been with WTI for 10+ years, in an oversubscribed offering.
The firm's 11th fund, which closed in May 2004, has made over $870 million
in commitments to date. These funds continue the firm's 27-year history
of venture lending to start-up and emerging growth companies in the technology
and life sciences sectors.
Founded in
1980, WTI is exclusively focused on venture debt and has substantial follow-on
capacity for portfolio companies at all stages of development. Transactions
range from $500 thousand to $25 million for early to late stage companies.
Previous portfolio companies include Juniper Networks, Brocade Communications
Systems, Google, Cerent, Infoseek, IDEC Pharmaceuticals, Facebook, IronPort
Systems, Volcano Corporation, and many others. WTI has completed over
800 financing commitments totaling over $2.4 billion since inception.
Western Technology
Investment is headquartered in San Jose, California.
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