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Tenaya Capital closes USD372m Fund VI

Tenaya Capital, a venture capital firm that invests in high-growth technology companies, has closed Tenaya Capital VI.

The USD372m fund was oversubscribed against a target of USD300m.

Tenaya VI marks the firm’s first independent fundraise since spinning out from Lehman Brothers in 2009. The firm has over USD1bn under management, including prior funds Tenaya IV (USD300m) and Tenaya V (USD365m).

Tenaya invests across technology sectors, including enterprise software, consumer internet, IT infrastructure, communications and electronics. The firm focuses on companies in the initial stages of revenue growth, and will make earlier or later-stage investments on a selective basis.

Recent exits and notable portfolio companies include Cotendo, Endeca, InfoBlox, Isilon, Kayak, LifeSize Communications, Palo Alto Networks, PowerReviews, Qunar, Wintegra and Zappos.

"Our existing limited partners in Tenaya V came back strong in Tenaya VI," says Tom Banahan, Tenaya Capital managing director. "This allowed us to target a small number of new limited partners."

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