Blue Delta Capital Partners, a Tysons, VA based venture capital firm is honored to announce a new $215 million venture capital fund that was well oversubscribed by market-leading institutional investors at its hard cap. Blue Delta Capital Fund III will allow BDCP to continue to scale the firm’s clear and proven track record of success in the U.S. federal government services sector, providing growth stage venture capital investments ($10m to $50m equity investments for non-controlling ownership positions).
“We are thrilled to be able tocontinue partnering with more top-notch management teams, always as non-control equity investors,and bringingour federal market expertise to help those companies achieve their full potential,” said General Partner Kevin Robbins. He added, “Putting Fund II to work so quickly is proof that our venture capital investing style has caught on with leading entrepreneurs and management teams in the federal government services market who want a truly value-added partner to help take them to the next level.”
General Partner Phil Nolan noted, “As a team of investors with deep operating backgrounds, we are well positioned to coach and mentor the next generation of talent in the federal market. In addition, our Silicon Valley-like approach to providing significant stock option grants for those management teams aligns our incentives with theirs, enabling them to create life-changing outcomes for their employees, and helps our companies attract the best talent in the market, many of whom have worked with us in the past.”
“We are fortunate to have some of the most sophisticated and experienced institutions, endowments, and foundations in the country backing us,” said General Partner Mark Frantz. “It is a humbling and flattering vote of confidence to have a new, well oversubscribed fund just two years after our last fund.Raising Fund III in a matter of weeks, and with only one closing, enables us to spend more timeworking with our existing portfolio companies and partnering with new industry-leading federal companies in 2022 and beyond.”
Cooley LLP (Aaron Velli) serves as fund counsel to Blue Delta.
About Blue Delta Capital Partners
Blue Delta is a growth stage venture capital firm focused on the U.S. federal government services market. We built the firm in late 2009 to fill a void in the marketplace, investing alongside entrepreneurs who want to grow their businesses, but without having to sell controlling ownership stakes in their companies or limiting growth initiatives from too much debt. Our team delivers decades of proven experience in venture capital investing and deep operational expertise as former CEOs. Our mission is to deliver value beyond our capital to the companies with whom we partner.www.bluedeltacapitalpartners.com
