Alongside the announcement of the new capital, Top Tier revealed that it is hiring Jonathan Biggs, former SVB Capital managing partner in London, as an investment partner. The firm also promoted Michelle Ashworth to partner. Since its inception, Top Tier has raised approximately $3.7 billion in capital from investors across 12 funds and manages over $8 billion in assets.
Key takeaways:
- Top Tier Capital, a San Francisco-based VC and private equity firm, has raised an additional $1.05 billion to invest in global venture funds and tech companies.
- The new capital will primarily be used for investments in Europe, the Middle East, and Asia, according to Top Tier managing partner David York.
- Since its founding in 2011, Top Tier has raised approximately $3.7 billion in capital from investors across 12 funds and has over $8 billion in assets under management.
- Jonathan Biggs, formerly an SVB Capital managing partner in London, is joining Top Tier as an investment partner, and Michelle Ashworth has been promoted to a partner with Biggs’ hiring.