News

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.

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

The pool will invest in 25 B2B SaaS startups.

The original target was $75 million.

Orange County Employees Retirement System committed $50m to TCG Crossover Fund II, joining the New Mexico State Investment Council and Rhode Island State Treasury.

Zeal Capital Partners, which is in the market raising its second fund, has hired Emily Zhen as a principal to spearhead a new health equity investing mandate.

Geek Ventures, which seeks to invest in immigrant founders, has raised $23 million for its inaugural fund.

The New York asset manager’s LPs include family offices and smaller public pension funds that appreciate its investments in real assets that provide essential services to strengthen power grids.

Growth-stage healthcare investor Questa Capital Management managed to nearly hit its ambitious target for its third fund despite a tough fundraising environment.

Blue Hour Ventures was created by spinning out Fund I from its previous management company and general partner.