Managers

The fund's investors include institutional family offices, experienced founders and investors.

The fund will focus on making equity investments in sustainability-oriented businesses with SaaS, hardware-enabled software and software-led business models.

With venture lending capacity down by as much as two-thirds since the failure of Silicon Valley Bank and Signature Bank, revenue scale and company quality will be top of mind for both venture debt and equity capital providers.

The Los Angeles-based firm is nearing a final close on its $100m debut fund, which will invest in women’s sports.

Investors are finding more opportunities to play in the venture debt space, which lenders say is especially attractive following the failure of Silicon Valley Bank.

Limited partners in the fund include Gates Frontier, Corning Inc and JSR Corporation.

The fundraising will enable Albion Capital to continue investing across its portfolio of high-growth software, healthcare and mission critical tech-enabled services companies.

Eclipse Ventures, which invests in 'companies that transform physical industries critical to people’s lives,' announced it has raised a total of $1.23bn across two new funds.

Fund's first close may be a sign that venture debt activity has survived the seizure of Silicon Valley Bank.

Base10 has launched a new co-investment program to allow its LPs access to oversubscribed rounds it participates in through its Advancement Initiative growth funds.