News

The New York firm said its debut fund is anchored by an unnamed Ivy League endowment and its other LPs include Collaborative Fund and former Meta CTO Mike Schroepfer.

The nation's largest pension fund wants to grow VC from about 1.4 percent to 10 percent of its private equity portfolio.

Investors include AIG, Bank of America, Foundry Group, Investinor, JPMorgan, Stardust Equity and Union Square Ventures.

The fund's investors include Evonik, LyondellBasell, Siam Cement Group and an unidentified North American forestry, pulp and paper products company.

Attorney Carl Hessler of Lowenstein Sandler offers a refresher on deal structuring and fiduciary duties for down rounds.

'The valuation environment is generally more rational now, even at the earliest stages, so it will be hard to justify a larger or even flat fund size, in most cases,' one LP tells Venture Capital Journal.

Cathryn Chen, founder of investment platform MarketX, has raised $30m for the debut fund of Radiate Ventures, which is targeting $150m.

Fund III will support start-ups advancing engineering and scientific breakthroughs.

New investors for Fund V include Thomas Dohmke, CEO of GitHub, Joe Beda, co-founder of Heptio, Brent Frei, co-founder of Smartsheet, and Michael Hilton, co-founder of Concur.

Socium Ventures will invest in emerging growth businesses, with investments ranging in size from $3 million to $25 million.