Hakluyt & Co. Enters Silicon Valley With $50 Million Venture Capital Fund

Hakluyt & Co., a London-based advisory firm renowned for its discreet advice to companies and buyout firms, is strategically expanding into Silicon Valley to venture into startup investments. The firm, founded nearly 30 years ago by ex-MI6 intelligence officers, has successfully raised its first venture capital fund, surpassing its $50 million target. This new investment initiative, Hakluyt Capital, boasts significant backing from notable investors such as Abu Dhabi’s sovereign wealth fund Mubadala Investment Co. and billionaire Yuri Milner, recognized for early investments in tech giants like Facebook and Airbnb. Among other contributors to the fund are RIT Capital Partners Plc. This strategic move signals a substantial shift in Hakluyt’s operations, positioning itself as a noteworthy player in the venture capital sphere. For further details, refer to the original article on Bloomberg Law.