UK Firm Known for Discreet Advice Makes Move Into Silicon Valley
- Hakluyt’s investment arm exceeds $50 million target for fund
- Investors include Mubadala, tech billionaire Yuri Milner
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Hakluyt & Co., the London-based firm that’s provided advice to companies and buyout firms for nearly 30 years, is now building a presence in Silicon Valley as a startup investor.
Hakluyt Capital, the investment arm of the strategic advisory firm started by former MI6 intelligence officers, has raised its first venture capital fund, surpassing a target of $50 million. Its backers include Abu Dhabi sovereign wealth fund Mubadala Investment Co. and billionaire Yuri Milner, who’s known for his early bets on Facebook and Airbnb Inc.