BlackBerry Partners Fund reorganizes with focus on mobile space

BlackBerry Partners Fund said it has reorganized its operations in an attempt to focus exclusively in venture capital investment opportunities in the mobile computing space. The reorganization unites operations under the BlackBerry Partners Fund brand around the world and continues with $150 million in capital commitments from partners including Research In Motion Ltd., Thomson Reuters and Royal Bank of Canada.
The fund noted it has made 12 investments since its founding in Oct. 2008, and has an investment footprint across North America, the United Kingdom and Israel.
“While it is business as usual for all of our existing portfolio companies, the reorganization of the BlackBerry Partners Fund manager increases efficiency and reduces duplication to better enable our continued operations and future expansion,” said BlackBerry Partners Fund co-managing partner, Kevin Talbot in a statement. “By unifying the investment team, we are creating an even stronger, Canadian-based, globally competitive investment manager.”
In a separate announcement, Clairmont Capital, which was created by Talbot and the former investment team at RBC Venture Partners, said they will “manage the RBC Venture Partners portfolio on behalf of RBC. The assets being managed are from RBC’s two early stage venture capital funds totaling approximately $250 million invested in early stage companies focused on financial services technology.”