Edison Venture Raising Seventh Fund

Edison Venture Fund is raising upwards of $300 million for its seventh fund, according to a regulatory filing.

The Lawrenceville, N.J.-based firm makes multi-stage investments in the IT sector, and raised nearly $260 million for its sixth fund in 2006. At the end of 2008, the fund was around 66% called with an IRR of -6.77%, according to a report from the Colorado Public Employees’ Retirement Association. www.edisonventure.com