Emergence Capital Partners Oversubscribed for $200 Million Second Fund

"Emergence Capital Partners, a venture capital firm that specializes in investing in technology-enabled services companies, announced that it recently closed its second venture fund at $200 million. The firm was targeting $175 million and was oversubscribed more than twofold. All institutional investors from Emergence Capital's first fund returned as investors in the new fund, along with several new investors, including some of the country's leading foundations and university endowments.
'Emergence is one of the few firms positioned to be among the next generation of venture capital leaders,' said Rick Hayes, Managing Partner of Oak Hill Investment Management and one of Emergence Capital's new investors. 'Its team, track record of success and focused investment strategy have attracted some of the country's most prestigious institutional investors. Emergence has quickly established itself by backing many of the next-generation leaders, such as Salesforce.com, HireRight and SuccessFactors.'
Leader in TES Investing "