Fundraising

EJF Ventures Fund LP invests in early-stage financial technology companies developing products across the financial services industry.

Korea Venture Investment Corporation is among at least 94 investors in the AI-focused firm's debut fund, which closed on $140m.

The founding investors were Farm Credit Canada, Natural Products Canada and several Canadian family offices.

'LPs of firms that held onto stock after they exited and were hurt when stock prices went down should fire those fund managers,' Fred Wilson said at last week's NYC Summit.

The firm closed on $500m for its 11th flagship vehicle, which had a target of $600m.

The Innovation & Expansion Fund's investors include endowments, foundations and family offices.

Sapphire Partners will assume investment management responsibilities of five of CalSTRS' existing new and next-generation manager funds.

Inovia Discovery Fund I will invest in emerging fund managers focused on early-stage technology opportunities in North America.

The annual gathering of Black and Latinx entrepreneurs and investors offered practical advice for fundraising outreach to limited partners.

Investors include Japan Bank of International Cooperation, which anchored the fund, as well as BaltCap, Honda, Omron and Swedbank pension funds.