CRV Secures $750 Million for Oversubscribed Fund
Funding | Aug 06, 2025 | Proskauer Rose (UK) LLP
Proskauer Rose (UK) LLP provided legal advisory services to CRV, a venture capital firm, on the successful formation and closing of its latest fund, CRV XX, LP at $750 million in LP commitments. The fund exceeded expectations, closing oversubscribed. CRV has a rich history since 1970 in investing in over 750 tech startups, focusing on early-stage funding, particularly in Series A rounds. The Proskauer team was led by private funds partners Brian Schwartz and Matthew Geduldig and included associates skilled in private funds and tax. The law firm Proskauer is renowned globally for its expertise in complex legal matters, serving a diverse clientele across different sectors.
Sectors
- Venture Capital
- Legal Services
Geography
- United States – CRV and the legal services provided by Proskauer Rose are located in the U.S.
- United Kingdom – Proskauer Rose (UK) LLP was involved in advising on the fund formation, which connects the article to the UK.
Industry
- Venture Capital – CRV is a venture capital firm, which invests in early-stage tech startups, making the Venture Capital industry a primary focus of the article.
- Legal Services – Proskauer Rose LLP provided legal advisory services to CRV for the formation and closing of the fund, underlining the role of Legal Services in this transaction.
Financials
- $750 million – The fund size of CRV XX, closed on its cap of $750 million in LP commitments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CRV | Venture Capital Firm | Company | CRV is a venture capital firm investing in early-stage tech startups and was the target company establishing the $750 million fund. |
| Proskauer Rose (UK) LLP | Legal Advisor | Company | Proskauer Rose (UK) LLP provided legal advice for the formation and closing of CRV XX fund. |
| Brian Schwartz | Partner - Private Funds | Person | Led the Proskauer team advising CRV. |
| Matthew Geduldig | Partner - Private Funds | Person | Co-led the Proskauer team advising CRV. |
| Rachel McKie | Associate - Private Funds | Person | Part of the Proskauer team advising on CRV XX. |