Institutional Venture Partners (IVP), a later-stage venture capital and growth equity firm, has selected IntraLinks Connect to support fundraising for IVP XIV, a USD1bn fund.
This is the largest fund in the firm’s 32-year history.
IVP first started using IntraLinks Connect for limited partner communications, including dissemination of quarterly fund updates, investor account information, presentation materials, and more.
Several funds ago, the firm used regular email for fundraising. It was hard to verify who actually received information and the company had to track processes manually, which took valuable time away from its workforce. IVP’s decision to fundraise using IntraLinks Connect was a seamless transition since their limited partners already had access to IntraLinks technology and were familiar with the layout and procedures for secure file sharing.
"IntraLinks was essential to the fundraising process for Fund XIV," says Gina Bauman (pictured), director of marketing at Institutional Venture Partners. "We like IntraLinks because of its intuitive user interface and robust features. Giving our clients different levels of access to files and documents while also knowing that our data is secure is an important operational asset to our business."
With IntraLinks Connect, IVP can store all due diligence files and communications related to its funds on a secure online platform and customize permission access to its global investor community.
"IVP raising its largest fund to date is a win for us as much as it is for them," says Rainer Gawlick, chief marketing officer at IntraLinks. "Since the firm’s clients were already comfortable with the IntraLinks platform, it made for a straightforward process, and enabled IVP to focus on the core competencies of their business."
