Investors

WovenEarth Ventures, which raised $152m for its debut fund of funds last year, is targeting $300m for its second effort.

The $49bn fund is looking for diversification, but is trimming its overall US exposure, says head of PE and sustainable infrastructure Jaime Alvarez.

Brio developed its LP management software in-house at Brightspark before spinning out and raising a seed round earlier this year.

The giant asset manager's Private Equity Solutions platform will make about 20-25 investments in a mix of early-stage funds and co-investments in later-stage companies.

The new initiative "will target at least 50 percent of investment going to female fund managers," the BBB says.

The fundraising drought has been particularly challenging for emerging managers, but both LPs and GPs say there is reason to be optimistic.

This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.

More venture firms are following the lead of buyout firms by creating continuation funds to provide liquidity to LPs in older funds. Here are the pluses and minuses for GPs and LPs considering CVs.

The $60bn fund and Roadrunner Venture Studios are pairing up with America’s Frontier Fund, Crosslink Capital, Khosla Ventures and others to build a robust VC ecosystem rooted in New Mexico.

Planeteer Capital closed its debut fund with anchor investments from an Ivy League university endowment and Mike Schroepfer, former CTO of Meta and a partner at Gigascale Capital, after pitching more than 400 potential LPs.