Fund Overview
Garrett Van Wagoner General Partner of Silicon Valley Associates LLC is announcing the beginning of marketing a new venture fund, Silicon Valley Associates Impact I Fund (“Fund). The target raise for the new Fund will be US $250 million, with an investment mandate of Socially Responsible Investments (SRI) in market segments with breakaway dynamics and having a positive global social impact. “Our initial focus will be to invest in transformative Companies that provide a measured sustainable impact on society and the environment with direct focus on the green transportation and renewable power infrastructure markets,” said Mr. Van Wagoner.
Mr. Van Wagoner stated, “Our deep experience in both public and private investing will let us identify and participate with what we believe to be one of the most dynamic growth opportunities in the next decade. This will be the third time in my career I have identified a market opportunity to capitalize on a dynamic sector. If it performs as the other 2 have done in their early years I have confidence the limited partners will be pleased with their investment.
Fund Terms
Partnership: Silicon Valley Associates Impact I L.P.
General Partner: Silicon Valley Associates
Investment Objective: Our “flavor” of impact investing is on aggressive, unleveraged positions in emerging technology Companies that provide a measured sustainable impact on society and the environment with direct focus on the green transportation and renewable power infrastructure markets. Focus will be on a limited number of direct investments with occasional purchases of secondary positions.
Management Fee: 2% annually, paid quarterly
Incentive fee: 20% carried interest after return of capital
Offering: $2.5 million; requirements include complete subscription document and committed capital amount. 50% capital call at closing.
About the General Partner
Garrett Van Wagoner started his investment career in 1978 and has worked for several regional banks from 1978-1982, Bessemer Trust Co. from 1982-1993, Govett Asset Management from 1993-1996 and Van Wagoner entities since 1996. Garrett Van Wagoner has an outstanding track record identifying and investing in emerging technologies, winning the Lipper Performance Achievement Award five times, managing the best performing small-cap growth fund in 1993 – 1995 as well as best performing mid-cap growth fund in 1999 and 2008. In addition, highlights from his venture capital portfolio include 25 IPO’s and 26 portfolio sales.
Other Information
Mr. Van Wagoner will start marketing in the Bay Area in June and follow with trips to New York the week of June 13. He will be presenting at the Family Office Insights Forum on June 16 and is available for one on one appointments that week. In addition, he will present at the Summer Edition of the Monaco Growth Forums scheduled to be held on June 27th – 29th in Monte Carlo and also be a Keynote Speaker during the kick-off cocktail reception. He will be speaking on the topic of the Public/Private company ecosystem and best practices in identifying and investing in private equity.
For more information or to request a meeting please email Garrett at gvw@vwcm.com.
RSVP deadline is past