Managers

Banco de Sabadell and the European Investment Fund committed to the sophomore vehicle, which raised €180 million.

'Our thesis is a long-term thesis: this generation of consumers growing up online are in college or already working, so it’s inevitable that our worldview comes true,' says co-founder Jason Yeh.

The $100m fund was anchored by Horsley Bridge Partners and included nine high-profile VCs, including Marc Andreessen and Fred Wilson.

The early-stage investor closed on half of its sophomore vehicle just three months after holding a final close on its first fund.

Alpha Partners raised $153m for its third fund, nearly 3x more than Fund II, as investors bought into its strategy of helping early-stage VC firms maximize ownership in portfolio companies through the use of pro-rata participation rights.

Founded by a McKinsey & Co alum, Alkemi recently held a first close on about $50m for its sophomore fund, which is targeting $75m.

MV Core Fund III's limited partners include GCM Grosvenor, the Illinois Growth and Innovation Fund, AvalonBay, Essent and real estate companies.

The new fund brings the firm's total commitment to AI to $1bn over the past 18 months.

The founder of venture secondaries firm G Squared says its 'north star is a 2x DPI in a five-to-seven-year period'

In an effort to raise a debut fund, one firm has reduced its minimum LP commitment, set up a mechanism to accept donations and held a poker tournament for potential LPs.