July 5, 2007

Weathergage Raises $250 Million Fund of Funds

The fund closed at its $250 million hard cap six months after its launch @WeathergageTeam

July 5, 2007 San Francisco, California –

Weathergage Capital announced today the closing of Weathergage Venture Capital LP and Weathergage Venture Capital (Parallel) LP, venture capital funds-of-funds with aggregate committed capital of $250 million.

With strong interest from sophisticated institutional investors around the globe, the fund closed at its $250 million hard cap six months after its launch. Weathergage will focus its efforts on providing its limited partners with meaningful access to top tier venture groups, with an emphasis on established franchises plus newer initiatives launched by proven investors.

While Weathergage Venture Capital LP is the firm’s debut fund, Weathergage’s Managing Directors are highly experienced as a team and as individuals. Judith Elsea, Tim Bliamptis, Brad Hammond, and Sandy Wallis, all co-founders of the firm, worked together for five years at Knightsbridge before forming Weathergage late last year. Prior to Knightsbridge, Judith Elsea was the chief investment officer of the Ewing Marion Kauffman Foundation for eight years. Tim Bliamptis spent eleven years at Brinson Partners, where he co-led its U.S. partnership investment team. Brad Hammond worked closely with private companies for eleven years as an attorney at Wilson, Sonsini Goodrich & Rosati and Crowe & Dunlevy. Sandy Wallis led information technology architecture and strategy implementations with companies such as Andersen Consulting.

About Weathergage Capital

Weathergage Capital is a Silicon Valley-based fund-of-funds which focuses on US early stage venture partnerships and other investment opportunities in adjacent spaces, including selected non-US and growth equity partnerships. For further information, visit the Weathergage website at http://www.weathergagecapital.com or contact Sandy Wallis at sandy.wallis@weathergagecapital.com.

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Weathergage
A nautical term that indicates a favorable position relative to the wind. A ship that "has the weathergage" has the initiative and hence a significant advantage over its rivals.