Defy Partners closes debut fund on $151m

The Palo-Alto headquartered firm plans to make venture capital investments in North America’s TMT sector.

Defy Partners held a final close for its DEFY Partners I, at $151 million.

Investors of the fund include Los Angeles Fire & Police Pension System and Los Angeles City Employees’ Retirement System.

The firm will use the capital to make venture capital investments in North America’s TMT sector.