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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.

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.

Thirteen is considered an unlucky number, but for Sierra Ventures it is serendipitous: the Silicon Valley firm closed on $265m for its 13th fund, beating its target in a tough fundraising environment.

Local energy companies Devon, Williams and Oneok are founding partners of an incubator and venture fund aimed at jumpstarting an innovation economy in Oklahoma’s second largest metro area.

Fin Capital, a B2B fintech-focused venture capital firm, has named Nicholas Cirella as general counsel and chief compliance officer.

Funds like AngelList and Alumni Ventures and vendors like Systematic Ventures are demonstrating how VC funds can be more efficient by using AI for legal work, portfolio monitoring, banking services, LP communications and more.

The UK government-backed investor joined Spanish investment firm Aldea Ventures, UK impact investor Big Society Capital, US family offices and funds-of-funds managers.

Annie Luchsinger of Breakers VC, Tara Tan of Strange VC and Noramay Cadena and Shayna Harris of Supply Change Capital are among those chosen for the program.