I am excited to announce the closing of Eclipse Fund IV, a $500 million venture capital fund to continue early-stage investing in the digital transformation of our essential industries. This includes bedrock sectors of our economy such as manufacturing, logistics and supply chain, transportation, construction and healthcare, as well as more modern industries like advance compute, cyber-defense, and energy and electrification.
This brings our total assets under management to almost $2 billion. Given our commitment to high involvement in the companies we partner with, we kept Fund IV the same size as our last fund. The recent addition of Kushagra Vaid now brings our total number of investing partners to seven — and along with the rest of the team, Eclipse remains committed to the digital evolution of our core industries through investments in the necessary full-stack innovations.
I’m also incredibly grateful to the Limited Partners who support us, and I continue to be inspired by the ambitious founders we get to work with every day.
The need to modernize old-line industries has been our north star since we started Eclipse in 2015, and over the past year, the pandemic has only accelerated this transformation. There is no going back — this is the exact moment to rebuild and reinvent these industries.
Finally, I want to thank the entire Eclipse team for their hard work and dedication over the last six years. We’re just getting started …
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