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Montagu Newhall Associates

FIRMS

Founded in 2000 with offices in Owings Mills, Maryland, London, England and Redwood City, California, Montagu Newhall Associates is a venture capital fund of funds manager with over $450 million in committed capital. Investors in the three funds are provided access to diversified portfolios of top-tier venture capital funds and a limited number of direct venture investments. The firm's Industry Advisory Board includes Richard Kramlich, Charles Newhall III, and Ryan Drant (New Enterprise Associates), Bob Moore and James Blair (Domain Associates), James Swartz (Accel Partners) and Barry Eggers (Lightspeed Venture Partners).

NOTE

The two predecessor funds have made investments in a number of top-tier venture capital firms, including: Accel Partners; Delphi Ventures; Domain Associates; HealthCare Ventures; InterWest Partners; Lightspeed Venture Partners; New Enterprise Associates; North Bridge Venture Partners; Oak Partners; Polaris Venture Partners; Summit Partners; TA Associates; and Venrock Associates.

Co-investment Strategy

Up to 25% of the capital in the fund is reserved for co-investment opportunities; to date over 12 co-investments have been made. The firm strongly believes that an effective co-investment model can mitigate the negative effects of the "j-curve" and deliver significant early liquidity to its investors.

Firm Growth

In addition to having added Jim Lim to the Partnership in 2004, Kevin Campbell became a Partner in 2005. Kevin joined Montagu Newhall Associates in 2001. Both individuals have been an integral part of the firm's success. The firm also hired Matt Buckley in 2005 as Vice President, Finance. Matt previously worked at a private equity firm with $1.5 billion under management as its Finance Principal. The firm relocated its corporate headquarters in 2005 to accommodate this growth.