Fundraising

Moonsail rakes in $27.5 mln for $75 mln-targeted fund

MoonSail Capital, a Los Angeles and San Juan-based private equity firm, has raised $27.5 million for its inaugural fund, according to an SEC listing. The target is $75 million.

Mubadala forms venture capital arm

Abu Dhabi-based Mubadala Investment Company has launched a venture capital unit that will be based in San Francisco. The new team will initially oversee a $400 million early-growth venture fund; a $200 million venture fund of funds that will invest in both established and emerging fund managers; and Mubadala's $15 billion commitment to the SoftBank Vision Fund.

Endowment Wealth Management targets $25 mln for unicorn tech fund

Appleton, Wisconsin-based Endowment Wealth Management Inc, an investment adviser, is seeking to raise up to $25 million for its unicorn technology fund. The fund will focus on late-stage, venture-backed tech companies in the secondary market. Currently, the fund has made six undisclosed investments in this space.

Imaginary Ventures seeks $100 mln for inaugural e-commerce fund

New York-based Imaginary Ventures is seeking $100 million for its debut, according to a regulatory filing. The firm will reportedly invest in the e-commerce space, including retail, fashion, lifestyle and beauty. The firm is led by Natalie Massenet, who in 2015 resigned from luxury e-tailer Net-A-Porter that she founded, and Nick Brown, who most recently was a partner at 14W Venture Partners in New York.

Blockchain Capital raises $60 mln of targeted $75 mln fourth fund

San Francisco-based Blockchain Capital has raised $59,720,000 of a targeted $75 million fourth fund, according to a regulatory filing. The firm is led by brothers Brad and Bart Stephens and focuses on investments into blockchain technologies. Thus far, 76 investors have committed to the fund, according to the filing. In April, the firm raised $10 million of its third fund through an initial coin offering, or ICO, VCJ previously reported.

Next Frontier Capital collects $22 mln for sophomore fund

Next Frontier Capital has raised $22 million for its second fund. The current target is $30 million. Based in Bozeman, Montana, the venture firm backs tech companies that are in the state.

Tamarisc targets $30 mln for sophomore fund

Tamarisc Ventures is seeking to raise $30 million for its second fund, according to an SEC listing. The Cambridge, Massachusetts-based early-stage venture firm invests in real estate technology companies.

Illumina Ventures collects $230 mln for maiden fund

San Francisco-based Illumina Ventures, an early-stage venture firm, has raised $230 million for its debut fund. Illumina invests in early-stage companies focused on genomics and precision medicine.

Why a venture capital marriage is not a unicorn

Precursor Ventures targets $25 mln for sophomore fund

Precursor Ventures is seeking to raise $25 million for its second fund, according to an SEC filing. The San Francisco-based venture firm focuses on B2B and B2C software applications and hardware.