Blue Delta Capital Partners raised $150M for its new fund within four months, exceeding its initial target of $125M.
The new fund will support Blue Delta™s strategy of making growth-stage equity investments in U.S. government services providers in return for non-controlling ownership positions in such firms, the company said Wednesday.
œWe were able to quickly assemble our 3rd pool of capital given our well-defined track record of successfully partnering with leading entrepreneurs in Government Services to produce superior results for all shareholders in the companies that we back, and we are already putting this fund to work with new $10 to $30 million growth stage venture capital investments in the sector, said Phil Nolan, a general partner at Blue Delta.
Cooley LLP led by partner Aaron Velli serves as counsel to the new fund.
Founded in 2009, Blue Delta is a venture capital firm focused on making growth-stage investments in companies providing technology platforms and services in the federal government services market.
