The fund's investors include France Telecom SA, Infineon Technologies AG (NYSE/Frankfurt: IFX), Nortel Networks Corp. (NYSE/Toronto: NT), Reuters, Boeing, Columbia University, Massachusetts Institute of Technology, the government of Singapore, Jerusalem's Hebrew University, and Bank Leumi.
The fund will be used to invest in enterprise software, communications, and storage networking companies.
"Networked storage yields myriad advantages for data intensive enterprises and will be in big demand," says Adam R. Fisher, principal at JVP.
On the component side, JVP is interested in storage startups focusing on facilitating the migration to IP-based storage. "These are extremely attractive, as there are few established players in this market," Fisher says. On the systems front, he thinks the storage appliance segment is an "exciting new space" for high-end storage solutions. Software that can manage storage resources will clearly be in demand, too, and so will be a focus for the fund, he says.