Technology Investment (WTI), a technology and life sciences focused
venture debt fund based in Silicon Valley, today announced the formation
of the firm’s 7th institutional fund. The $375 million fund
is backed by leading institutional investors and plans to make
commitments in amounts ranging from $250 thousand to $25 million. In
addition, WTI announced that Patrick Lee has joined the firm as an
"As WTI continues to experience strong growth in assets and quality
investment opportunities, we are very pleased to welcome Patrick to the
team as a Partner. We have known Patrick for a number of years. His
broad network of relationships and extensive investment experience will
be valuable as WTI continues to search the globe for opportunities to
partner with the most promising technology and life science companies,"
said Maurice Werdegar of Western Technology Investment.
Mr. Lee has 20 years of experience in the technology industry as an
investment banker, debt investor and equity investor. Prior to joining
WTI, Patrick was with Pinnacle Ventures, JPMorgan Partners, Access
Technology Partners, Hambrecht & Quist and Merrill Lynch.
Western Technology Investment (WTI) is a Silicon Valley based venture
debt firm which invests globally in a wide range of technology and life
science companies ranging from seed-stage start-ups to publicly-held
companies. Over more than 30 years, WTI has provided in excess of $3
billion of growth capital to exceptional teams building market leading
companies, including Facebook, Google, Ablation Frontiers, Brocade
Communications, Cameron Health, Cerent, The Climate Corporation, IDEC
Pharmaceuticals, InvenSense, IronPort Systems, Juniper Networks, Neutral
Tandem, Postini, and Youku.
Please visit www.westerntech.com
for more information.
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