Singapore-based Genesis is targeting $70m for its debut vehicle and already collecting commitments from international foundations and LPs.
The firm’s 2019 vintage fund has received commitments from institutional investors and is accelerating towards its $300m hard-cap.
There's no letup in venture news, such as Facebook's VC plans, the industry's response to diversity issues and venture-backed companies kicking the tires on an IPO.
A survey from NFX found that investors are worried about their portfolios and don't anticipate the economy bouncing back until at least April 2021.
The firm adds Kristen Kocis as an institutional sales lead to help increase and foster relationships with limited partners.
Space Capital looks to close its second fund, as spacetech continues to take off with investors following SpaceX's historic launch.
The firm has a $100m target for the vehicle that will invest in healthcare, healthtech and technology surrounding the 'new normal.'
The new fund launched by Andreessen Horowitz may be small at $2.2m, but its impact could be big.
Established firms had no trouble closing their large funds in Q1, while first-time fundraises were only able to grab 5% of the $20.1bn raised.
Mitchell Kertzman
The 71-year-old, who founded and ran software companies before becoming a VC, plans to spend more time traveling and visiting with his adult children.

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