Harlem Capital

The American manager closes its debut fund above target.

Harlem Capital has closed its debut fund at $40.3 million.

Jobble, a community of on-demand workers, has raised $11 million in funding. Vestigo Ventures and AXA Venture Partners led the round with participation from Guardian Strategic Ventures and Harlem Capital Partners.

Monday is a public holiday in some markets, so we’ll return to your inbox on Tuesday. In the meantime, a nuanced conundrum for LPs parting ways with PE fund exposure. Plus: size matters when it comes to returns, and TPG Next's latest GP stakes deal. Here's today's brief, for our valued subscribers only.

$1bn is still $1bn, and especially for the diverse PE community, it’s at the very least a good first step.

One of the two asset managers to which California Public Employees’ Retirement System allocated a combined $1 billion this week to expand diversity in alternative investment management said venture capital will be a key component of the inaugural fund it is launching with the pension fund’s capital.

Insight Partners eyes a major step up in its diverse-focused fund of funds. Plus: LPs should be proactively asking their GPs about valuations and TPG taps a former Jasper Ridge exec to lead its diverse talent seeding platform. Here's today's brief, for our valued subscribers only.

There is no easy fix for the industry’s lack of diversity. Here are six things GPs and LPs are doing to open their doors wider to under-represented groups.

Ugami, a provider of financial rewards solutions for gamers, has secured $4.8 million in seed funding.

Glow Labs, a white-label loyalty rewards software on the blockchain, has secured $4.15 million in seed funding.

Chatdesk, a customer support messaging platform, has raised $7 million in funding.