Tenaya Capital

Tenaya Capital is a venture capital firm with offices in Portola Valley, California, and Wellesley, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy.^[1] It opened its seventh fund in 2015.^[2] In 2009 the firm had approximately $750 million under management.^[3]

Tenaya Capital

Company type	Private
Industry	Venture capital
Predecessor	Lehman Brothers Venture Partners
Founded	1995
Headquarters	Woodside, California , United States
Products	Investments
Total assets	$750 million
Website	www.tenayacapital.com

Lehman Brothers bankruptcy and LBVP spin out

Main article: Bankruptcy of Lehman Brothers

On September 15, 2008, Lehman Brothers filed for bankruptcy protection. As part of the liquidation process, Lazard was appointed to sell certain interests in Lehman Brothers Venture Partners and its other private investment units.^[4][5]

In January 2009, HarbourVest Partners, a Boston private equity fund of funds, financed the spinout of Tenaya, acquiring Lehman's existing investment and unfunded commitments to Tenaya venture funds.^[1]

See also

• Lehman Brothers Merchant Banking