Investments
15Portfolio Exits
2About Bay Area Equity Fund
Managed by JPMorgan H&Q, the Bay Area Equity Fund is a $75 million venture capital fund. As a DBL private equity fund, it seeks to deliver market-rate venture capital returns while enabling social and environmental improvement in the Bay Area's LMI neighborhoods. The fund invests in rapidly growing companies that are located (or are planning to locate) in target neighborhoods and can generate high quality jobs and wealth for residents in these communities. Investments focus on rapidly growing technology, consumer products and services, and health care companies that provide benefits to residents of target neighborhoods. Since its close in June 2004, the fund has been helping its portfolio companies implement tailored DBL programs to encourage connections to the communities from their early stages.
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Bay Area Equity Fund Investments
15 Investments
Bay Area Equity Fund has made 15 investments. Their latest investment was in Open Road Integrated Media as part of their Series A on August 8, 2009.
Bay Area Equity Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/17/2009 | Series A | Open Road Integrated Media | $3M | Yes | ||
5/15/2007 | Series B | Revolution Foods | $3.15M | Yes | 1 | |
1/20/2006 | Series E | CareDx | $26.5M | Yes | ||
Other Investors | ||||||
Other Investors |
Date | 8/17/2009 | 5/15/2007 | 1/20/2006 | ||
|---|---|---|---|---|---|
Round | Series A | Series B | Series E | Other Investors | Other Investors |
Company | Open Road Integrated Media | Revolution Foods | CareDx | ||
Amount | $3M | $3.15M | $26.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 |
Bay Area Equity Fund Portfolio Exits
2 Portfolio Exits
Bay Area Equity Fund has 2 portfolio exits. Their latest portfolio exit was Open Road Integrated Media on December 06, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
12/6/2021 | Acq - Fin | Undisclosed Angel Investors, ABRY Partners, MEP Capital, and Grove Atlantic | 1 | ||
Date | 12/6/2021 | |
|---|---|---|
Exit | Acq - Fin | |
Companies | ||
Valuation | ||
Acquirer | Undisclosed Angel Investors, ABRY Partners, MEP Capital, and Grove Atlantic | |
Sources | 1 |
Bay Area Equity Fund Team
1 Team Member
Bay Area Equity Fund has 1 team member, including former Managing Partner, Michael Dorsey.
Name | Work History | Title | Status |
|---|---|---|---|
Michael Dorsey | Westly Group, and J.P. Morgan & Co. | Managing Partner | Former |
Name | Michael Dorsey |
|---|---|
Work History | Westly Group, and J.P. Morgan & Co. |
Title | Managing Partner |
Status | Former |
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