Just Closed:Updata Partners raises $281m

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Updata Partners has raised $281 million for its Updata Partners V, according to a SEC filing. The Washington D.C.-headquartered firm began fundraising in 2014 with a $225 million target.

Its previous fund raised $223 million in 2007.

Investors that committed to Updata Partners V include the State of Wisconsin Investment Board and the Texas Municipal Retirement System.

The fund will target venture capital opportunities in TMT sectors in North America.