Mercury Fund seeks $125 mln for fourth fund

Mercury Fund, an early-stage investor that backs startups in the middle of the United States, is seeking to raise $125 million for its fourth fund, according to a regulatory filing. The firm was formerly known as DFJ Mercury, but rebranded in 2012 before raising $105 million for its third fund, which closed in 2013. Managing directors include Blair Garrou, Dan Watkins, Aziz Gilani and Adrian Fortino.