Akkadian Ventures raises $118m

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Akkadian Ventures has raised $118 million to date for its Akkadian Ventures IV, per a SEC filing. The San Francisco-headquartered firm has set an undisclosed target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $74 million in 2014.

The fund will target secondaries opportunities in technology, media, and telecommunications sectors in the United States.