Palisades Ventures raises $41.7m

Palisades Ventures has raised $41.7 million to date for its Palisades Growth Capital II, per a SEC filing. The Los Angeles-headquartered firm has set a $125 million target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

The fund will target growth equity opportunities in technology, media, and telecommunications sectors in North America.