ACCOLADE PARTNERS HITS HARD CAP OF $200 MILLION FOR LATEST FUND
With Fifth Fund, Firm Continues Focused, Successful Approach to Venture Capital & Growth Equity Investing
WASHINGTON, DC, September 10, 2015 – Accolade Partners, an alternative investment management firm that provides endowments, foundations, institutions and individuals with a smarter way to leverage the power of venture capital and growth equity, today announced it has raised $200 million for its fifth fund of funds, $50 million above the firm’s target. Accolade V will continue the firm’s singular focus on investing in the best venture capital and growth equity funds while leveraging a concentrated portfolio to deliver strong returns to its limited partners. Preqin and Pitchbook rank Accolade’s 2005 fund as the top-performing fund of funds for its vintage. Accolade was founded in 2000 and manages over $720 million across five funds.
“We are appreciative of the great support we received from both existing and new limited partners. Their commitments show that Accolade’s funds provide superior returns and offer an outsourced solution for institutions that want exposure to the asset class. By constructing a differentiated portfolio that combines the outsized returns of venture capital with the benefit of early, consistent liquidity from growth equity, our limited partners are able to reap the rewards of the asset class in a sensible way,” said Joelle Kayden, Managing Partner.
Accolade’s strong returns have been driven by the firm’s deep knowledge and access to top-decile managers built over the last 15 years. Accolade’s approach is straightforward and anchored in independent thinking and thoughtful portfolio construction. The firm has applied its “do not follow the herd” mentality to identify the best managers by looking at all firms with the same critical eye as they look at the presumed best GPs. “Our rigorous, bottom-up diligence combined with our reputation as valued partners to our managers has really paid off in our returns and is validated by the amount of interest we had for our latest fund. We look forward to continuing to deliver strong returns and be value added partners,” said Atul Rustgi, Partner.
About Accolade Partners
Accolade Partners is a leading alternative investment firm dedicated to delivering superior returns by investing in top-tier venture capital and growth equity funds on behalf of endowments, foundations, institutions and individuals. Founded in 2000 and located in Washington, DC, the firm manages $720 million of capital and is a registered investment advisor. For more information, please visit www.accoladepartners.com.
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