While a coup, the pool is much smaller than Frazier's predecessor fund, a $375 million vehicle raised in 2013.
It's no wonder Venrock's seventh fund, closed with $450 million in 2014, was $100 million larger than its predecessor fund, which closed in 2010.
He emphasized the support staff that the firm offers (it has a team or more than 20 people), and he said, "We recognized that our predecessor fund was actually too small for our strategy and the capital was deployed faster than planned, in part due to the high growth our portfolio companies have generated and their continuing need for capital".
Unlike their predecessor, Child Trust Funds, there is no government contribution to kick-start your child's investment, but they are still free from capital gains and income tax.
Lime Rock has four predecessor Lime Rock Partners funds, and Lime Rock Partners V will make what it calls "creative, value-adding, and long-term growth capital investments" in companies in the global energy industry.
Trainees at legal aid firms used to be able to access substantial grants from the Legal Services Commission LSCC) – the Legal Aid Agency's predecessor – to fund their training fees and salaries.
At the college level, while Mr. Obama has placed community colleges higher on the federal agenda than any of his predecessors, his funding promises have gone unfulfilled.
Back at Tiriri health centre, Oluka remains saddled with the problems of his predecessors: inadequate funding, inadequate staffing, insufficient supplies of essential medicines.
It's similar in theory to YC VC (and its predecessor The Start Fund), which offers $80,000 in funding to each Y Combinator graduate.
