Venture capital firm Andreessen Horowitz has created a co-investment fund for its Fund II, bringing total assets under management to USD1.2 billion. The additional funds will be targeted at growth-stage investments.
“Creating the co-investment fund was an easy decision,” says General Partner John O’Farrell. “We’re fortunate to have strong demand from the best growth companies building the next global franchises. The co-investment fund gives us the firepower to meet their needs, while meeting our investors’ demand for access to the best growth opportunities.”
Andreessen Horowitz has made growth investments in iconic companies such as Box.net, Facebook, Fusion-io, Groupon, Jawbone, Skype, Twitter, and Zynga. While the additional monies will be focused on growth-stage investments, the firm continues to fund a range of technology startups that fit the firm’s unique stage-agnostic investment philosophy. Some recent seed and venture investments include Bump, Mixed Media Labs, and TinyCo, adding to a portfolio of more than 30 companies.
In addition to raising new funds, Andreessen Horowitz recently brought on additional partners, Scott Weiss and Peter Levine, who have increased the firm’s capacity to work with the large number of talented entrepreneurs seeking a relationship.