Key Takeaways
- • Benchmark is seeking a combined $364 million across four apparent partner-only funds, according to SEC filings reported by TechCrunch; these are fundraising targets, not confirmed capital raised.
- • The largest vehicle, Benchmark Partners Founders' Fund T1, targets $220 million, while Benchmark Partners Founders' Fund 2 seeks $132 million.
- • Founders' Fund 2-A targets $4.5 million and Founders' Fund T1-A targets $7.5 million.
- • Jack Altman, who recently left his own firm to join Benchmark, is listed in all four filings.
- • The filings reported by TechCrunch do not specify investment mandates, prospective LPs or closing timelines.
Summary
Benchmark is seeking to raise a combined $364 million across four new funds that appear to be partner-only vehicles, TechCrunch reported, citing SEC filings. The amounts represent fundraising targets rather than confirmed capital raised.
The largest vehicle, Benchmark Partners Founders' Fund T1, is targeting $220 million. Benchmark Partners Founders' Fund 2 is seeking $132 million, while Benchmark Partners Founders' Fund 2-A and Benchmark Partners Founders' Fund T1-A target $4.5 million and $7.5 million, respectively.
Jack Altman, who recently left his own firm to join Benchmark, is listed in each filing. The report did not specify investment mandates, prospective limited partners or closing timelines for the four vehicles.
The largest vehicle, Benchmark Partners Founders' Fund T1, is targeting $220 million. Benchmark Partners Founders' Fund 2 is seeking $132 million, while Benchmark Partners Founders' Fund 2-A and Benchmark Partners Founders' Fund T1-A target $4.5 million and $7.5 million, respectively.
Jack Altman, who recently left his own firm to join Benchmark, is listed in each filing. The report did not specify investment mandates, prospective limited partners or closing timelines for the four vehicles.
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