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Cross Atlantic Capital Partners’ initial VC fund to wind down

After a number of successful exits, including three IPOs, Cross Atlantic Capital Partners (XACP) is terminating its vintage 1999 fund, Cross Atlantic Technology Fund (XATF).

 
As part of the termination process, XATF is liquidating its remaining portfolio company holdings, including its 668,572 shares of common stock in Rubicon Technology RBCN -0.67 per cent.
 
XACP expects the shares of common stock in RBCN held by XATF to be fully divested by 30 June 2013, although a specific schedule for the sales has not yet been set.
 
XACP will continue to actively manage Cross Atlantic Technology Fund II and its Co-Investment family of funds, and the sales for XATF will not affect the continuing ownership of the aggregate 4,985,677 shares of common stock and warrants for common stock of RBCN held by these other funds.

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