BOSTON & SAN DIEGO & TAMPA, Fla. & WASHINGTON–(BUSINESS WIRE)–Anzu Partners, an investment firm that focuses on early stage industrial and life science technology companies, today announced that its third venture fund has $130M in commitments to date toward a $300M target size.
Anzu’s Fund III will invest in early-stage breakthrough technology companies that can shape and enable high growth sectors that are essential to prosperity, productivity, and sustainability. The fund’s investors include public and private institutions, single and multifamily offices, and individuals across the U.S. and overseas.
Since its founding in 2014, Anzu Partners has grown into a robust investment firm with over 50 team members, and approximately $935M in strategic assets across several funds and strategies, including two existing oversubscribed venture funds (Fund 1 $128M, Fund II $190M), a $425M Special Purpose Acquisition Company (“SPAC”), and a series of special purpose vehicles. Since the close of Fund II, Debrah Herman, Dr. John Ho, and most recently, international investment banker William H. Strong, have joined Managing Partners David Michael, David Seldin, and Whitney Haring-Smith on Anzu’s leadership team.
Anzu will build on its existing portfolio of over 25 companies with the launch of Fund III. The firm continues to focus on identifying and supporting teams pioneering innovations that address major global challenges ranging from next-generation manufacturing to therapy discovery. For example:
- 6K has developed an advanced materials production platform to disrupt traditional solid-state and chemical synthesis production processes
- Niron Magnetics has developed rare-earth free magnets for a more sustainable electric economy
- InterVenn Biosciences has developed a proprietary glycoproteomic platform that enables a powerful new class of cancer diagnostics based on glycobiology
“Innovations in life sciences and industrial technologies continue to proliferate since the launch of our first two funds, and we see an even greater opportunity to work with early-stage companies and commercialize their scientific breakthroughs,” said David Michael, Managing Partner, Anzu Partners. “Not only do we provide capital, we also utilize our technically-oriented team of investment and operational professionals to offer support on financial management, operations, talent development, global connectivity, strategy, and more, to truly serve as a partner. We are excited about the future of Anzu Partners and our portfolio as we begin to explore the already active pipeline of opportunities for Fund III.”
To learn more about Anzu Partners, please visit https://anzupartners.com/.
About Anzu Partners
Anzu Partners is an investment firm that focuses on industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, global connectivity, and operations. For more information, please visit https://anzupartners.com/.
Anzu Partners is providing this press release for informational purposes only. This is neither an offer to sell nor a solicitation for an offer to buy an interest in any fund managed by Anzu Partners. Any such offer or solicitation will only be made to qualified potential investors pursuant to a private placement memorandum.
The interests in Anzu Partners-advised funds have not been recommended, approved or disapproved by the U.S. Securities and Exchange Commission (SEC) or by the securities regulatory authority of any state or of any other U.S. or non-U.S. jurisdiction, including but not limited to Canada, nor has the SEC or any such securities regulatory authority passed upon the accuracy or adequacy of this document. Investment in any security involves substantial risk. This press release only provides a partial list of the investments made by Anzu Partners-advised funds and does not purport to list all investments made by, or that will be made by, Anzu Partners-advised funds. Anzu Partners is under no obligation to update any of the information set forth herein. Additionally, no guarantee is being given that any investment recommendation made by Anzu Partners will be profitable. This press release includes forward-looking statements that represent Anzu Partners’ opinions, expectations, believes, intentions, estimates, or strategies regarding the future, which may not be realized. These statements may be identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” “seek,” and similar expressions. These forward-looking statements reflect Anzu Partners’ view and assumptions with respect to future events and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those described by such statements due to various factors, including those beyond Anzu Partners’ ability to control or predict. Given these uncertainties, undue reliance should not be placed on forward-looking statements. Anzu Partners does not guarantee that the events described in this press release will happen as described. Statements regarding Anzu Partners’ organization, including without limitation the relative strength or expertise of the organization compared to other private equity firms, are based on the judgment of Anzu Partners, and may include certain assumptions and opinions. You should not place undue reliance on such statements.