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Angel Investor (Individual)

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Investments

6

Portfolio Exits

2

About Frank Bonsal Jr.

Frank joined New Markets Venture Partners as a Special Partner in 2007. He has over 30 years of exemplary venture capital experience as General Partner of New Enterprise Associates (NEA), which he co-founded in 1978 and has become one of the U.S. 's largest venture capital firms ($8.5B managed) and as Co-Founder and Director of Red Abbey Venture Partners, a vintage 2004 life sciences fund.Since retiring from his General Partner role at NEA in 2003, Frank has remained an active venture investor, as Founder and Managing Partner of Bonsal Capital, LLC and as advisor to and Limited Partner in numerous funds in North America, the United Kingdom, and Europe, including Amadeus Capital Partners (UK), Boulder Ventures (MD/CO), Novak Biddle Venture Partners (MD), Sterling Ventures (MD), Trellis Partners (TX), Venturehouse (DC), and Windward Ventures (CA).Frank is a member of the Board of Trustees of the Johns Hopkins Hospital and the Johns Hopkins Hospital Endowment Board. He serves on numerous Boards, including Brown Investment Advisory & Trust Co., CeraTech, CIBERNET, CorasWorks, and Veran Medical Technologies. Prior to co-founding NEA in 1978, Frank was a General Partner with Alex. Brown & Sons for 15 years.Frank graduated from Princeton University where he majored in Economics. He is married with three children and seven grandchildren.

Frank Bonsal Jr. Headquarter Location

Fulton, Maryland, 20759,

United States

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Latest Frank Bonsal Jr. News

A Video Conversation with Frank Bonsal, Jr., Founder of New Enterprise Associates - Part III

Nov 9, 2016

This article is sponsored by MAVA A Video Conversation with Frank Bonsal, Jr., Founder of New Enterprise Associates - Part III 11/9/16 Click here for  Part I &  Part II Two men who established the world’s largest venture capital firm and left an enduring legacy in the Mid-Atlantic’s venture capital community Frank Bonsal, Jr., is one of the founders, along with Charles (Chuck) W. Newhall III, of  New Enterprise Associates : the world’s largest venture capital firm in terms of assets under management, and one of the oldest VC firms in the US. NEA focuses on investing in technology and healthcare companies across the world and throughout all stages of growth. Since retiring as NEA General Partner in 2003, Bonsal has remained an active investor and advisor, having founded Red Abbey Venture Partners, where he currently serves as director. Newhall, who is also retired, has played an integral role in building the VC industry and is the founder of the Mid-Atlantic Venture Capital Association—an organization that represents the interests of the regional investor and private equity community, and which formed a blueprint for similar associations elsewhere. Frank Bonsal and Chuck Newhall were recently honored at a tribute event held at Baltimore’s Center Club. They spoke with citybizlist publisher Edwin Warfield for this interview. EDWIN WARFIELD: Tell us about starting Red Abbey, and what the firm is up to these days. FRANK BONSAL, JR.: After I retired from NEA in 2003, I had some friends—two brothers, Christopher and Philip Goelet—who had moved from New York to open an office in Baltimore because they wanted to have their families grow up in this community. They called themselves Red Abbey LLC because they were avid salmon fishermen, and Red Abbey is the name of a fly used to catch salmon. They were downtown near where my office was, and I had been spending some time with them, and after I retired from NEA they said, “We’d be glad to have you hang out with us.” It was a $50 million life science venture fund, and we hired a fellow called Matt Zuga who had been with Legg Mason to come in as the managing general partner. And it was mostly the Goelet family money, but there were also private investors, including myself and my family. We invested in about a dozen companies and the net-net was that we had returned capital five years into it, and the internal rate of return was double digits, about 14-15%. Then, here at Red Abbey, we moved from the Foxleigh Building over here to Green Spring Station and the Goelet brothers and myself thought that it would be an interesting thing to invest in emerging venture funds, which would have been equivalent to what NEA was when we started. We started Red Abbey Capital Partners One, and we’ve invested in Borealis out of New Hampshire, Emergence [Capital] out of California, Fairhaven [Capital] in Boston, MVM [Life Science Partners]—which is in London and Boston—.406 [Ventures], which is in Boston, Resource Capital—which is in Denver—and New Markets Venture Partners, which is near Columbia, Maryland. That’s focused in education. We’ve invested in maybe eight or nine funds like Amplify, Elephant Partners; we did High Cape—we committed $2 million to High Cape. We went back to MVM and invested $1 million in their Fund Four; Al Ventures, PeakSpan; we went back to .406, invested in their Fund Three; there was a fund in Philadelphia called 1315—we committed $500,000 to that. There was one called Valiant and one called Velos, run by James Bailey, son of Jim Bailey, who owned Cambridge Associates. At the moment, we are working on the liquidation of the remaining companies in Red Abbey Capital Partners One and we’re working with the funds that we’ve committed to in Red Abbey Capital Partners Two. That brings us up to the present, and where we take it from here I don’t know, because I’m not sure we have the appetite to continue this activity. We have not made that decision. Connect with  Frank on LinkedIn Edwin Warfield , CEO of citybizlist , conducts the CEO Interviews . If you're interested in reaching CEOs, please contact edwin.warfield@citybizlist.com

Frank Bonsal Jr. Investments

6 Investments

Frank Bonsal Jr. has made 6 investments. Their latest investment was in Three Ring as part of their Series A on September 9, 2014.

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Frank Bonsal Jr. Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/27/2014

Series A

Three Ring

$1.25M

No

1

3/5/2014

Unattributed - II

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$99M

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10

2/12/2014

Seed VC

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$99M

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10

8/13/2013

Convertible Note

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$99M

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10

11/28/2012

Series C - II

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$99M

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10

Date

9/27/2014

3/5/2014

2/12/2014

8/13/2013

11/28/2012

Round

Series A

Unattributed - II

Seed VC

Convertible Note

Series C - II

Company

Three Ring

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Amount

$1.25M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

10

10

Frank Bonsal Jr. Portfolio Exits

2 Portfolio Exits

Frank Bonsal Jr. has 2 portfolio exits. Their latest portfolio exit was Traitify on August 23, 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

8/23/2021

Acquired

6

00/00/0000

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10

Date

8/23/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

6

10

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