Adrian MacKenzie and Srdjan Dangubic’s private equity firm Five V Capital has hit the fund-raising trail, setting its eyes on $100 million for a new venture capital fund.
Adrian MacKenzie and Srdjan Dangubic’s private equity firm Five V Capital is hunting investors for its new $100 million venture capital fund.dated May has surfaced, with high-net-worth types called to chip in by a July 31 first close.
Five V’s chasing cheques of $250,000 to $12.5 million for the creatively named new “Five V Capital Venture Capital Fund II”. The plan was to invest between $1 million and $10 million in Series A and Series B rounds of local B2B SaaS businesses, with a ten-year time horizon. The fund could tip as much as $20 million into a company across multiple rounds through the lifecycle of the business.
For their efforts, the Five V team would take a 1.5 per cent management fee, and a 25 per cent performance fee subject to a 10 per cent hurdle.According to the May pitch deck, Five V had already lined up four seed investments, worth $10.9 million combined, to kick-start the vehicle. It earmarked $2 million for modern work business Cascade, $1.9 million for eCommerce play Carma, $2 million for a confidential property tech and $5 million for marketing technology business Metigy.
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