Report: Opus Capital Raising New Fund

Opus Capital is raising its second fund with a $250 million target and $350 million hard cap, according to VentureWire. The Menlo Park, Calif.-based firm closed its debut vehicle in 2006 with $280 million in capital commitments (technically Fund V, following earlier vehicles when part of the Opus team was known as Weiss Peck & Greer Venture Partners).

Past LPs have included CalPERS, Aon Pension Plan, VenCap, State of Oregon, Mesirow Financial Private Equity, Northern Trust, Portfolio Advisors and the DuPont Pension.