'We did have indications that the fundraise could close at over $400 million right up until the crash of Silicon Valley Bank in March of 2023,' says founder Sean O’Sullivan.
Fund IV, which closed on $60m, listed a target of $100m in a regulatory filing when it began fundraising in June 2022.
Andreessen Horowitz has closed on $7.2bn for multiple funds, including $3.75bn for growth investments.
In part eight of his series on venture debt, Zack Ellison from Applied Real Intelligence dispels five common myths about venture debt.
Lakestar's fourth early-stage fund, which was seeking €250m, closed on €280m, while its second growth vehicle closed on €320m after targeting €750m.
New York State Common Retirement Fund has disclosed that it committed $150m to B Capital’s second opportunities fund, which closed on $754m in March.
LPs in Fund II, which is targeting €200m, include returning LPs Fonds National d’Amorçage 2 and former Berkshire Partners managing director Bradley Bloom.
Dart’s debut fund recently held a first close on just over $2m with support from former Goldman Sachs president Gary Cohn, Wingspan Capital co-Cio Andrew Eberhart and Fifth Third Bank chief economist Jeff Korzenik.
Could a 'Total Portfolio Approach' model come to the nation's largest pension system?
Jobs-focused impact investor JFF Ventures has held a first close on $15m for its second fund, which is targeting $50m.