Seattle.internet.com has learned that the former principals of Tredegar Investments, the investment subsidiary of Tredegar Corporation, have completed their transition from Tredegar Investments and have formed Perennial Ventures.

Perennial will focus on early-stage investing in technology-based companies, and will continue to manage the Tredegar venture portfolio under contract with Tredegar.

The principals of Perennial are Steve Johnson, Tony Russo, Buck Blanchard, Ed Brennan and Dave Maki. Perennial has offices in Seattle, Palo Alto and Northern Virginia.

One of the latest people to join the Perennial team is COO Craig Wright. Prior to joining Perennial, Craig was a shareholder at Graham & Dunn, a Seattle-based law firm, where he practiced corporate and securities law as a member of its Technology and E-Commerce Team.

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