Foundation Capital today announced it has closed a $525 million fund, Foundation Capital Fund V. Participating in the fund are two new limited partners, the Stanford Endowment and Purdue University, as well as an existing base of limited partners that included foundations, pension plans, and diversified fund-of-fund investors, and a group of endowments that already include universities like Harvard, Yale and CalTech.

Foundation Capital will continue to leverage its partners' experience in building successful information technology and communications companies to back top entrepreneurs in enterprise software & on demand services; networking, storage and telecommunications; semiconductor and EDA; and clean tech and consumer. The

INFO SOURCES

Foundation Capital - contact Tim Turpin (415) 392-8282, tim@outcastpr.com

FIRMS

Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in telecommunications and networking; Internet infrastructure; and enterprise software and on demand services. Foundation Capital funds total more than $1.6 billion.

General Partners

The firm's general partners include Bill Elmore, Adam Grosser, Paul Holland, Paul Koontz, Mike Schuh, and Warren Weiss and its partner emeriti include founding partners, Jim Anderson and Kathryn Gould.

PEOPLE

Georganne Perkins, director of private equity, Stanford University