Fundraising

Overlap Holdings, a tech-focused firm founded by Justin Stevens, a former senior partner at Apollo Global Management, has closed its inaugural fund at $33 million.

LPs include Renault Group, BNP Paribas Group, Bpifrance, European Investment Fund, Edenred, PSA Ventures, ComfortDelGro, Capricorn and Candriam.

The Los Angeles-based firm is currently marketing its sixth fund, which is targeting $85 million.

Madrona, a tech-focused venture capital firm, has raised $770 million across two funds, Madrona Fund X and Acceleration Fund IV.

LPs for the early-stage life sciences fund, which is targeting $350m, include the Fairfax County Police Officers Retirement System.

The fund is backed by 'prominent Saudi institutional investors,' public investment fund Jada Fund of Funds, Saudi Venture Capital and Sanabil Investments.

Emerging manager Ivan Nikkhoo explains how his firm helps B2B and enterprise SaaS companies navigate 'from A to growth.'

Insight Partners closes on a combined $12.5bn for Fund XIII along with a buyout co-invest fund and opportunities fund, short of Fund XIII’s target of $20bn.

Waterpoint Lane Sustainability Fund I reportedly had a target size $7.54m.

Venture capital funds closed on $104.7bn worldwide in 2024, or 18% less than they raised in 2023, according to our annual Global Venture Capital Fundraising Report.