Greycroft Closes in on Second Fund

Greycroft Partners has secured $115 million for its second fund, according to a regulatory filing. The listed target is $128 million.

The New York-based firm was launched in 2006 by Alan Patricof, and focuses on early-stage digital media companies. It originally raised $55 million for its debut fund, but later expanded the size to $75 million, following the additions of partners Dana Settle (former venture partner with Mayfield Fund) and Drew Lipsher (former Universal Music Group exec).